Huntsman announced that it will increase the prices of MDI products and MDI polyurethane system products in Europe, Africa, the Middle East and India by 125 euros per ton starting February 1, 2025 or as agreed in the contract. This price adjustment was mainly driven by pressure on raw materials, energy and logistics costs. In January 2025, Wanhua Chemical and BASF raised MDI prices one after another. On January 15, Wanhua Chemical announced an increase in MDI and TDI prices for the ASEAN region. The increase was 200 US dollars/ton, effective from now on, or permitted according to the terms of the contract. On January 7, BASF announced that BASF would increase the price of its Lupranate MDI MS grade in ASEAN and South Asia by $300 per ton, as permitted by the terms of the contract.

Huntsman announced that it will increase the prices of MDI products and MDI polyurethane system products in Europe, Africa, the Middle East and India by 125 euros per ton starting February 1, 2025 or as agreed in the contract. This price adjustment was mainly driven by pressure on raw materials, energy and logistics costs. In January 2025, Wanhua Chemical and BASF raised MDI prices one after another. On January 15, Wanhua Chemical announced an increase in MDI and TDI prices for the ASEAN region. The increase was 200 US dollars/ton, effective from now on, or permitted according to the terms of the contract. On January 7, BASF announced that BASF would increase the price of its Lupranate MDI MS grade in ASEAN and South Asia by $300 per ton, as permitted by the terms of the contract.