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Indicative price brief for MDI - North America. Methodology: trade publications, broker reports, and industry sources reviewed by Nexchem. This is directional intelligence, not a regulated benchmark assessment.
North American polymeric and pure MDI delivered pricing. Huntsman Dow and BASF North America capacity tracker, aniline feedstock cost analysis, spray foam insulation demand from IRA building efficiency incentives, automotive foam demand, and 3-scenario price outlook. Published monthly.
North American MDI pricing is being supported by an unlikely combination in 2026 - the IRA Inflation Reduction Act building efficiency incentives are driving spray polyurethane foam demand for building insulation at above-trend growth rates simultaneously with Hormuz-related aniline feedstock cost elevation, creating a rare alignment of demand and cost supports that is keeping North American MDI prices above pre-pandemic trend levels.
North American MDI supply is produced by Huntsman Corporation at Geismar Louisiana with approximately 480 KT per year, BASF Corporation at Geismar Louisiana with approximately 280 KT per year, and Dow Chemical at Freeport Texas with approximately 200 KT per year. The North American MDI market is import-supplemented from European production at Covestro and BASF Ludwigshafen when domestic supply is constrained. Aniline is the primary feedstock, produced from benzene and hydrogen at integrated facilities. US aniline pricing is linked to US benzene pricing at Chevron Phillips Cedar Bayou and ExxonMobil Baytown, which is elevated in Q2 2026 by Hormuz-related Middle Eastern aromatics import disruption. Demand for MDI in North America is structured across multiple end-use segments with differentiated price sensitivity, from commodity polymer and rubber applications to specialty chemical intermediates where performance requirements limit substitution and create defensible pricing above commodity benchmarks. SPF Insulation Demand Above Trend - IRA Section 25C and 45L tax credits for energy-efficient home upgrades and new construction are driving spray polyurethane foam insulation demand at approximately 6.8% per year - well above the historical 2.4% per year trend.
SPF accounts f. In the current 2026 supply and demand environment, MDI pricing in North America reflects both structural market conditions and active geopolitical supply chain disruption. The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For North American MDI, the Hormuz disruption affects pricing through the aniline feedstock chain - elevated US Gulf Coast benzene pricing from reduced Middle Eastern import competition increases aniline production cost, which flows into North American MDI production cost at Huntsman Geismar, BASF Geismar, and Dow Freeport. The USD 148 per metric tonne year on year price increase reflects both the aniline cost elevation and the IRA demand-driven pricing support, making North American MDI one of the markets where Hormuz-related cost and IRA-related demand effects are reinforcing rather than offsetting each other. MDI Capacity and Operating Rates - Huntsman Corporation operates the largest North American MDI production facility at Geismar Louisiana with approximately 480 KT per year of capacity. Huntsman Q1 2026 investor communi.
The paid report is a professionally formatted PDF with structured sections, colour-coded grade price tables, alert boxes, capacity atlas tables, a 3-scenario price outlook, and analyst cards. The accompanying Excel file contains all price data in editable format for direct integration into procurement models.
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Every Nexchem Intelligence price report includes field-level analyst commentary covering supply shortages, qualification timelines, geopolitical friction, and pricing pressure - not generic market narrative. Nexchem analysts are active in the market and attribute all field intelligence to verifiable primary sources.
The paid report includes full scenario assumptions, quarterly price ranges for Q3 2026, Q4 2026, and Q1 2027, probability weighting for each scenario, and a procurement recommendation tailored to each case - covering what to do if the bull case materialises, what to hedge in the base case, and how to protect exposure in the bear case.
The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For North American MDI, the Hormuz disruption affects pricing through the aniline feedstock chain - elevated US Gulf Coast benzene pricing from reduced Middle Eastern import competition increases aniline production cost, which flows into North American MDI production cost at Huntsman Geismar, BASF Geismar, and Dow Freeport. The USD 148 per metric tonne year on year price increase reflects both the aniline cost elevation and the IRA demand-driven pricing support, making North American MDI one of the markets where Hormuz-related cost and IRA-related demand effects are reinforcing rather than offsetting each other.
Important: Nexchem Intelligence price reports are indicative price intelligence, not price assessments. We are not a Price Reporting Agency and our prices are not IOSCO-compliant. For contract settlement, mark-to-market valuation, or derivative pricing, use ICIS, Argus, or S&P Global Platts. Our reports are for procurement strategy, supply chain planning, and market analysis only.
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