Huntsman issued two regional price adjustment notices in quick succession in late July, simultaneously raising MDI product prices in the Europe/Africa/Middle East region and the India and Indian subcontinent market.
I. €250/Ton Increase in Europe, Africa, and the Middle East
Around July 24, Huntsman issued a price adjustment notice announcing an increase of €250 per ton for MDI products across the Europe, Africa, and Middle East region, with the new pricing scheduled to take effect on August 1, 2026.
This price increase represents an additional hike on top of previously announced adjustments. In December 2025, Huntsman first raised MDI prices in the region by €350 per ton; in March 2026, citing a surge in European natural gas costs, the company imposed an additional €200 per ton natural gas surcharge. With the current €250/ton increase, cumulative MDI price hikes in the region have surpassed €800 per ton over the past year.
In its announcement, Huntsman stated that this price adjustment is primarily aimed at offsetting operating pressures and ensuring the company's ability to continue supplying a full range of polyurethane raw materials to regional customers on a stable and sustained basis. Persistent geopolitical tensions in the Middle East, further increases in raw material costs, and rising energy prices are cited as the core driving factors.
II. $300/Ton Increase in India and the Indian Subcontinent, Effective Immediately
On July 27, Huntsman issued another price adjustment notice, uniformly raising prices for MDI and polyurethane formulated products sold throughout India and the Indian subcontinent by $300 per ton, with the adjustment taking immediate effect.
This price increase is similarly attributed to ongoing geopolitical tensions in the Middle East, which have directly driven up procurement costs for upstream MDI raw materials, while international ocean and land freight rates, warehousing, transshipment, and overall logistics expenses have risen substantially. This increase represents an additional layered adjustment on top of previously implemented regional price hikes.
