Toluene Diisocyanate prices on hike in India owing to strong demand
The prices of Toluene Diisocyanate , a major feedstock for Polyurethane, have been increasing from the last few weeks in India. Polyurethane is a widely used commodity in India that find its applications in several distinct end-user industries. Polyurethane is primarily employed in bedding and furniture, automobiles, paints, and adhesives. The Indian market has also been affected by the ongoing conflict between Russia-Ukraine, resulting in high crude oil and natural gas prices. The inflation in the Indian Market can be seen through the soaring prices of several commodities, including Toluene Diisocyanate (TDI). Following its last week's trend, Toluene Diisocyanate prices inclined upwards and marked a spike of 2.66% in the Indian domestic market during the week concluding with 11th March. The prime reason for the consistent price hike of Toluene Diisocyanate was the robust demand from the downstream industries to form Polyurethane. The demand for...