Isocyanates markets improved in Q1 2020 but, as the coronavirus outbreak reached worldwide markets, the picture changed once again. In previous years, spring usually brings an improvement in demand in most sectors, but this year so far is a different picture. In Q1, the US MDI market changed direction after months of price cuts, on the back of long supply and weak demand. In March, a number of producers announced price increases in order to improve margins. There was relief in the market, as most players had been struggling since mid-2019.
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