Polyurethane (PU) Resin Prices: Market Analysis, Trend, News, Graph and Demand
North America The North American Polyurethane Resin market remained under bearish pressure during the final quarter of 2024, with prices declining by approximately 8% despite seasonal disruptions caused by hurricanes. The primary driver behind the price drop was the buildup of substantial inventories by U.S. suppliers in October 2024, which continued to be drawn down throughout the quarter. Domestic demand remained weak, particularly from the construction sector, which experienced declining spending. Homebuilding confidence also stayed below the neutral 50-point threshold, signaling a pessimistic outlook and resulting in sluggish product consumption. Export demand was similarly hampered by labor unrest, as the strike between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) led to vessel backlogs and inventory congestion at ports. By the end of the quarter, destocking activities accelerated, with suppliers aggressively liquidating inven...