Huntsman Polyurethanes is increasing the price of all of its MDI and polyol grades by €150/tonne in Europe, Africa & Middle East, effective June 15, or as early as contracts allow.

The increase affects all crude MDI, pure MDI and MDI variants grades in its polyurethane product range, as well as rigid and flexible polyether polyols and formulations.

Nick Webster, vice president, Europe, Africa & Middle East, said, "This price increase reflects the relentless increases of raw material and feedstock costs, mainly originating from record-high crude oil and natural gas, which continue to impact the cost of precursor materials, intermediates, MDI and polyol products."

Webster added, "The increase will also help ensure that we can continue to provide our customers with a continuous supply of quality MDI and polyol products in a competitive and strongly growing environment across Europe, Africa & Middle East."

Huntsman manufactures differentiated and commodity chemicals and supplies  companies in the chemicals, plastics, footwear, and textiles industries.