Methylene Diphenyl Diisocyanate (MDI) Price Trend and Forecast

Methylene Diphenyl Diisocyanate (MDI) Regional Price Overview

Get the latest insights on price movement and trend analysis of Methylene Diphenyl Diisocyanate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Methylene Diphenyl Diisocyanate Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Methylene Diphenyl Diisocyanate (MDI) Chemicals USA 2580 USD/MT March 2024
Methylene Diphenyl Diisocyanate (MDI) Chemicals Europe 2360 USD/MT March 2024

Stay updated with the latest Methylene Diphenyl Diisocyanate (MDI) prices, historical data, and tailored regional analysis


The continued pressure from the building-up costs of raw materials and the rising cost of energy prompted chemical giants such as BASF to raise their price quotations of methylene diphenyl diisocyanate during the first quarter of 2024. The industrial sector reported a significant loss in their profit margins in the previous quarters as they were unable to extract the desired numbers amid the inclining pressure of global market challenges.

Methylene Diphenyl Diisocyanate (MDI) Price Chart

Methylene Diphenyl Diisocyanate (MDI) Price Trends and Forecast

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This also hampered their production rates as many of the Chinese production units limited their production numbers. Also, the loss of exporting margins due to the ongoing Israel-Hamas crisis and rising Houthi attacks on Red Sea shipments derailed the trading activities, prompting the methylene diphenyl diisocyanate traders and manufacturers to raise their price quotations.


The methylene diphenyl diisocyanate market in Europe witnessed a bullish trend in the first quarter of 2024, primarily driven by surging feedstock benzene prices due to volatile crude oil prices and OPEC+ production cuts. The shortage of labor due to ongoing port strikes in Europe further reduced the output and increased production costs. Despite these challenges, methylene diphenyl diisocyanate demand     remained steady, with improved new orders in Europe.

However, tight methylene diphenyl diisocyanate supplies widened the gap between the supply and demand sectors of the market. The European energy industry's uncertainty over energy security heightened variable production costs. Additionally, the methylene diphenyl diisocyanate pricing pattern was also supported by the increased demand for polyurethane products in the manufacturing and construction sectors after a long period of stagnancy.

North America

In the first quarter of 2024, the methylene diphenyl diisocyanate market in the USA experienced bullish sentiments, prompting producers to raise quotations due to heightened demand and supply shortages. Sectors like furniture and refrigeration saw surges in demand, driving new orders for methylene diphenyl diisocyanate. However, escalating production costs resulted from rising feedstock benzene prices and crude oil prices amid global supply constraints.

Additionally, the methylene diphenyl diisocyanate production rates were hampered by moderate availability of aniline supplies from Asian exporters, as the supply chain delays and high freight charges affected the number of shipments and profit margins of Asian countries. The geopolitical tensions and positive economic data contributed to oil price hikes, further impacting methylene diphenyl diisocyanate production costs.

Analyst Insight

According to Procurement Resource, the price trend of Methylene Diphenyl Diisocyanate is expected to surge further in the next quarter as improving global industrial activities and ongoing stagnancy in trading patterns around the globe will favor the uptick in methylene diphenyl diisocyanate price trend.

Methylene Diphenyl Diisocyanate Price Trend for October - December of 2023


The bullish run of methylene diphenyl diisocyanate prices was halted in the fourth quarter of 2023. China’s Wuhan Chemical, which is one of the leading producers of methylene diphenyl diisocyanate, registered a lower rate of profits during this quarter.

The manufacturers and traders blamed the influx of low-cost raw materials such as propane, coal, and butane, which themselves registered an approximate double-digit fall in their prices, for this dip in the methylene diphenyl diisocyanate price trend. However, from the demand point of view, the consumer sentiments were lukewarm as they were hesitant to place bulk orders, which was well reflected in the trajectory of the methylene diphenyl diisocyanate price graph.


The European countries also followed the global trend in the methylene diphenyl diisocyanate prices. The subdued rate of procurement of chemicals was a consequence of a hike in energy prices as the blockage of Russian pipelines lowered the influx of coal, crude oil, and other energy production products. Further, the European government adopted strict measures to deal with rising inflation and thus raised their interest rates, leading to less borrowing from the banks and poor spending appetite of consumers, causing the methylene diphenyl diisocyanate price graph to face southwards.

North America

Similar to the events that were observed in Europe and Asian countries, the price trend of methylene diphenyl diisocyanate decreased in North America in Q4’23. The manufacturing sector in this region underwent a notable contraction due to inflationary pressures, which, therefore, caused a decline in the procurement rates of downstream industries. The decline in water levels in the Panama Canal also caused multiple disruptions to the shipping canals, which negatively impacted the dynamics of the market.

Analyst Insight

According to Procurement Resource, the price trend of Methylene Diphenyl Diisocyanate will surely be driven by the stumbling sentiments of the downstream industries and accelerating geopolitical tensions.

Methylene Diphenyl Diisocyanate Price Trend for the July - September of 2023


The inclining trajectory of methylene diisocyanate prices was a consequence of growing interest shown by the domestic as well as international sectors. Additionally, some of the manufacturing plants underwent maintenance shutdown resulting in the decline in the production activities of methylene diisocyanate. In addition to this, the rise in the cost of benzene and aniline also supported the upward journey of the methylene diisocyanate price graph.


The steady supply of methylene diisocyanate and the lack of demand in European countries negatively impacted the price trend and resulted in an explosion of stockpiles. Due to the increased price of crude oil upstream and the decreased energy supply from Dutch sectors, the third quarter of 2023 witnessed a significant decline in the methylene diisocyanate price trend. Further, the slowing down of the European economy escalated the downfall of methylene diisocyanate price trend.

North America

Unlike what was observed in the Asian countries and similar to what happened in Europe, the methylene diisocyanate price trend in North America declined during Q3’23. In this region, the manufacturing sector experienced significant contraction amid inflationary pressure leading to the fall in the rates of procurement rates of downstream industries. The shipping canals also faced several disruptions with the fall in the water levels, hampering the overall market dynamics.

Analyst Insight

According to Procurement Resource, the price trend of Methylene Diphenyl Diisocyanate are expected to face northwards in the upcoming quarters as its demand from the end-user industries is inclining but the global inventories are depleting.

Methylene Diphenyl Diisocyanate Price Trend for the First Half of 2023


Methylene Diphenyl Diisocyanate price trend depend on the prices of feedstock aniline and formaldehyde, along with the downstream demands from the polyurethane foams industry. During the said period, the Methylene Diphenyl Diisocyanate prices observed mixed price trend. The year 2023 witnessed a little revival in the automotive and manufacturing sector after a long halt because of the Covid 19 restrictions in China and other geopolitical tensions.

A sudden surge was witnessed at the beginning of the first quarter in the presence of the limited inventory stocks. Eventually, the Methylene Diphenyl Diisocyanate prices rose continuously in the first quarter, but as the inventories started overflowing with excess supplies, the price trend turned south in the second quarter. Overall, mixed market sentiments were observed throughout.


In Europe, the Methylene Diphenyl Diisocyanate market was mostly driven by the struggling purchasing power of consumers, given the long and ongoing battle with inflation. So, as the buying sentiments altered to being centered around fulfilling necessary requirements first, the automotive and other manufacturing sectors took a backseat. As a result, the downstream demands for Methylene Diphenyl Diisocyanate remained feeble, setting the prices on a downward trajectory in the said period. Overall, bearish market sentiments were observed.

North America

The North American Methylene Diphenyl Diisocyanate market almost replicated the European price trend since growing interest rates and inflation in the American market dictated the market sentiments. The collapse of two major US banks also fueled the dull market trend. Overall, the Methylene Diphenyl Diisocyanate prices remained in a slump for the majority of the discussed period.

Analyst Insight

According to Procurement Resource, the price trend for Methylene Diphenyl Diisocyanate are expected to fluctuate in the upcoming months as the market will continue to be driven by volatile downstream demands.

Procurement Resource provides latest prices of Methylene Diphenyl Diisocyanate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Methylene Diphenyl Diisocyanate

Methylene Diphenyl Diisocyanate is a solid with a light-yellow tint. It is not water soluble. It may be harmful if consumed, inhaled, or absorbed via the skin. Depending on the composition of the solution and/or the nature of the material, it may or may not burn. Plastics are made with it.

Methylene Diphenyl Diisocyanate Product Details

Report Features Details
Product Name Methylene Diphenyl Diisocyanate
HS CODE 39093090
CAS Number 101-68-8
Industrial Uses Production of polyurethane foams
Chemical Formula C2H2
Synonyms Diphenylmethane, diisocyanate
Molecular Weight 250.25 g/mol
Supplier Database Tosoh Corporation (Millionate), Hexion (US), Huntsman International LLC (Rubinate), BASF SE (Germany), Redox Pty Ltd (Australia)
Region/Countries Covered Asia Pacific: China , India, Indonesia, Pakistan,  Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand,  South Korea, Iraq, Saudi Arabia, Malaysia, Nepal,  Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore,  Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden,  Belgium, Austria, Ireland Switzerland , Norway,  Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia,  Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methylene Diphenyl Diisocyanate Production Processes

  • Production of Methylene Diphenyl Diisocyanate from Aniline and Formaldehyde

In this process, aniline and formaldehyde are reacted first in the presence of HCl as a catalyst in order to produce a mixture of diamine precursors and their corresponding polyamines. Diamines are then reacted with phosgene to form a mixture of isocyanates. Upon distillation of this mixture, oligomeric polyisocyanates, also known as polymeric MDI, along with a mixture of MDI isomers is formed. Fractionation of this mixture gives MDI.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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