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Throughout quarter IV of 2022, Hexamethylene Diisocyanate price fluctuated in the North American region. Initially, the product prices increased due to increased feedstock Nitric Acid and Ammonia prices due to high upstream costs amid rising inflation and consistent demand and offtakes of products from the downstream Polyurethane industries. The orders for the Polyurethane form were firm from the manufacturing sector duringH1 of Q4 due to expected consumer demand from the automotive producers and furnishing mills because of upbeat consumer sentiment. However, in the mid-quarter, the price trend shifted, and HDI prices decreased on the back of increased inventory levels due to reduced import orders and a reduction in the upstream costs due to a decline in the WTI Crude oil prices. Finally, at the end month of Q4, the product prices decreased further on the back of low off takes from end-use industries. 

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