Huntsman Imposes “War Surcharge,” Global MDI Prices Continue to Rise

March 5, a leading company in the wood-plastic composite materials industryMeixin TechnologyRelease of Major Investment Announcement. The company plans to invest through its wholly-owned subsidiary, Guangdong Meijia New Materials Co., Ltd.158 million yuanConstruction of Phase I of the Guangdong Meijia New Environmental-Friendly Wood-Plastic Composite Materials Project. This expansion project aims to accelerate the industrialization of new products and meet the continuously growing market demand. The total investment for the project is estimated to reach…282 million yuan, with the first phase of investment being158 million yuan。Production line planning is specific and clear.Construction20 PVC foam profile production lines 5 aluminum-plastic co-extrusion profile production linesWhen the project is fully operational, it will formAnnual production capacity of PVC foamed profiles: 6,667 tons、Annual production capacity of aluminum-plastic co-extruded profiles: 4,250 tonsthe scale

The resumption ceremony for the 300,000-ton-per-year EVA unit—part of PetroChina Dushanzi Petrochemical Company’s Tarim 1.2-million-ton-per-year Phase II Ethylene Project’s supporting green and low-carbon demonstration project—was held on-site at the EVA unit, marking the official acceleration of construction for this key high-end new materials project in the refining and chemical industry. To date, all public and utility facilities for the Tarim Phase II Ethylene Project have been fully commissioned; major production units—including ethylene and polypropylene plants—have successfully achieved mechanical completion, and overall construction is progressing steadily, laying a solid foundation for successful first-feed commissioning. The resuming 300,000-ton-per-year EVA unit is the only critical unit within the Tarim Phase II Ethylene Project utilizing imported process technology. Characterized by high temperature and high pressure, an extended construction timeline, and stringent installation precision requirements, it is regarded as the “toughest challenge” that must be overcome in this year’s project.

On March 5, Huntsman announced that due to the sharp deterioration of the geopolitical situation in the Middle East, leading to a sharp rise in European natural gas prices, the production costs of its MDI have significantly increased. Therefore, it has decided to charge a natural gas surcharge of 200 euros per ton on all MDI products sold to the Europe, Africa, Middle East, and India region (EMEI).

Overseas market news indicates that GNFC’s TDI plant located in Dahej, Gujarat, India, was temporarily shut down on March 5, 2026, due to technical issues; the resumption date remains pending further updates.

On March 5, Dow Europe GmbH announced an increase in its polyether prices.PolyolProduct Pricing: Effective immediately, or as permitted under the terms of the contract, the Company will increase the price of all polyether polyol products sold in Europe, the Middle East, Africa, and India (EMEAI) by EUR 100 per metric ton (or the equivalent in local currency). This adjustment follows the previously announced price increase of EUR 100 per metric ton on February 27, 2026. Dow states that this price adjustment is primarily driven by evolving conditions in the Middle East, which have led to significant increases in energy, raw material, and logistics costs.