{"id":16028,"date":"2024-09-15T12:37:00","date_gmt":"2024-09-15T09:07:00","guid":{"rendered":"https:\/\/imenpol.com\/blog\/en\/?p=16028"},"modified":"2025-09-16T12:00:46","modified_gmt":"2025-09-16T08:30:46","slug":"mdi-prices-surge-in-europe","status":"publish","type":"post","link":"https:\/\/imenpol.com\/blog\/en\/news\/mdi-prices-surge-in-europe\/","title":{"rendered":"MDI prices surge in europe"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16028\" class=\"elementor elementor-16028\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0a33f4a e-flex e-con-boxed e-con e-parent\" data-id=\"0a33f4a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ca7777 content-table elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"4ca7777\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;],&quot;container&quot;:&quot;.table-contents&quot;,&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h6 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of contents\t\t\t<\/h6>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__4ca7777\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__4ca7777\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__4ca7777\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-62d24ad  table-contents e-flex e-con-boxed e-con e-parent\" data-id=\"62d24ad\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a6889dc elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"a6889dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Recticel achieves strong double-digit growth in h1 2024 <\/strong><\/li><\/ul><p>On August 30, 2024, Recticel, a leading manufacturer of polyurethane (PU) insulation panels in Europe, announced its earnings for the first half of 2024. The company recorded a 12.2% year-on-year increase in net sales, reaching EUR 299 million. Adjusted EBITDA surged by 37.9% year-on-year to EUR 25.1 million.<\/p><p>\u201cWhile adverse weather conditions slowed down some construction projects in the first half, particularly in the residential sector, the commercial market has shown greater resilience. Recticel reported double-digit organic growth in both Insulation Boards and Insulated Panels,&#8221; the company stated in its report. CEO Jan Vergote highlighted that these results validate the company\u2019s market-focused strategy. He added, \u201cWe are reducing costs in Insulation Boards while increasing volumes. The expansion of our Belgian and French plants is now operational, and we\u2019re set to introduce 15 new insulation products over the next 18 months.\u201d Recticel expects continued growth in the second half of 2024, with adjusted EBITDA likely to reach around EUR 50 million.<\/p><p><strong>\u00a0<\/strong><\/p><h2><strong>UK construction booms as Eurozone<\/strong> <strong>slows down<\/strong><\/h2><ul><li><strong>UK sector hits 26-month high following political shift<\/strong><\/li><\/ul><p>A survey conducted in July 2024 on construction activities across major European economies indicated a slowdown in the Eurozone, with Germany, Italy, and France seeing declines. However, the UK\u2019s construction sector showed notable growth, driven by increased demand, marking the highest expansion in 26 months. The S&amp;P Global UK Construction PMI rose to 55.3 in July 2024, up from 52.2 in June, largely due to a rebound in new orders following the conclusion of the UK\u2019s general election, which resulted in Sir Keir Starmer\u2019s Labour Party gaining power.<\/p><p>The UK construction industry\u2019s three main sub-sectors all saw growth in July. New orders have expanded for six consecutive months, with subcontractor activity also rising steadily over the past four months. Construction managers attributed this growth to improved consumer confidence, which has helped resume paused projects.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-058a473 e-flex e-con-boxed e-con e-parent\" data-id=\"058a473\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ea0135 elementor-widget elementor-widget-image\" data-id=\"1ea0135\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"238\" height=\"153\" src=\"https:\/\/imenpol.com\/blog\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Picture1-3.jpg\" class=\"attachment-full size-full wp-image-16034\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fe8575c  table-contents e-flex e-con-boxed e-con e-parent\" data-id=\"fe8575c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-95eeebb elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"95eeebb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><strong>European MDI suppliers hike prices for September<\/strong><\/h2><ul><li><strong>Tight supply and rising demand drive market upwards<\/strong><\/li><\/ul><p>BorsodChem: Following maintenance of its MDI facility from July 16 to September 2, BorsodChem announced a EUR 200\/tonne price increase for its MDI in Europe for September.<\/p><p>Covestro: Covestro&#8217;s MDI facility in Brunsb\u00fcttel is scheduled for maintenance in September. Anticipating supply constraints in September and October, the company raised its MDI prices by EUR 150\/tonne.<\/p><p>Huntsman: Despite resuming operations at its MDI facility in the Netherlands, Huntsman reported ongoing shortages in certain specifications, especially polymeric MDI, due to the need to rebuild inventories.<\/p><p>Dow &amp; BASF: Both companies\u2019 MDI facilities in Europe are operating normally, with no planned maintenance. However, they are closely monitoring the tightening supply among competitors and have noted the rising MDI prices in the September market.<\/p><h2><strong>China\u2019s PMDI market gains momentum<\/strong><\/h2><ul><li><strong>Rising export orders and supply delays boost prices <\/strong><\/li><\/ul><p>In China, the PMDI market has seen strong upward momentum since early September. Prices have increased by over CNY 200\/tonne, with the primary driver being a significant rise in export orders to Europe. Additionally, delays in the resumption of Wanhua Yantai\u2019s MDI production have tightened supply further. As of September 6, mainstream PMDI prices in East China were CNY 18,000\/tonne for Wanhua products, with other brands priced between CNY 17,700 and CNY 17,800\/tonne. The expectation of stronger domestic demand during the &#8220;Golden September&#8221; period has also boosted the market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>On August 30, 2024, Recticel, a leading manufacturer of polyurethane (PU) insulation panels in Europe, announced its earnings for the first half of 2024. The company recorded a 12.2% year-on-year increase in net sales, reaching EUR 299 million. Adjusted EBITDA surged by 37.9% year-on-year to EUR 25.1 million.<\/p>\n","protected":false},"author":4,"featured_media":16031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MDI prices surge in europe - Imenpol blog<\/title>\n<meta name=\"description\" content=\"Imenpol blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/imenpol.com\/blog\/en\/news\/mdi-prices-surge-in-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MDI prices surge in europe - 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