In mid-October xxxx, the US Polyurethane (PU) Resin market faced a bearish environment due to unfavourable demand and export conditions from the downstream construction industry. The decline in feedstock MDI prices further contributed to this negative market sentiment. Demand from the paints and coatings sector remained sluggish, impacted by decreasing housing starts and permits, according to data from the American Chemistry Council. The Council reported a x.xx increase in combined business inventories (manufacturers, wholesalers, and retailers) in August, following a similar rise in July, indicating sluggish consumption and rising PU resin inventories across the US market. Housing starts fell by x.xx in September to a seasonally adjusted annual rate of x.xxx million, keeping PU resin demand moderate. Although single-family starts rose by x.xx—supported by gains in the Northeast and South—the overall trend was bearish, with building permits down x.xx compared to August and x.xx year-on-year. Exports of PU...
