Huntsman MDI and polyurethane global price increase
Huntsman Corporation recently announced that due to rising raw material costs, it will implement price increases for diphenylmethane diisocyanate (MDI) and polyurethane across global markets. The adjustments will vary by region, reflecting the different economic conditions and cost structures in each area. In the North American Free Trade Zone, prices will go up by 8 cents per pound, which equates to approximately $176 per ton. Meanwhile, in Africa, India, Europe, and the Middle East, the increase will be 150 euros per ton. For the Asia-Pacific region, the price hike will be set at 150 US dollars per ton. These changes are scheduled to take effect on April 1 or as of the contract date, whichever comes first. This move is expected to help the company maintain profitability amid ongoing supply chain challenges and inflationary pressures. The announcement has been closely watched by industry stakeholders, who are now reassessing their procurement strategies in light of these new pricing dynamics.
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