The recent Middle East hostilities - involving U.S. and Israeli strikes in Iran - have triggered a spike in global energy prices, creating ripple effects across petrochemical feedstock markets. The anticipated closure or restricted access through the Hormuz Strait caused international crude oil benchmarks to climb steeply, pushing associated derivatives such as naphtha pricing and LPG costs higher.
For the polyurethane raw materials market, this trend translates directly into rising input costs. Naphtha, a primary feedstock for many polyol and isocyanate production processes, is now trading at multi-year-high margins, increasing production cost pressures for polyurethane resin manufacturers in Asia, Europe, and North America.
Suppliers have started adjusting pricing or issuing force majeure notices due to this disruption. The tightening of chemical supply chains and elevated war-risk freight surcharges has further impacted global logistics, forcing many downstream buyers to consider alternative procurement strategies. In this environment, proactive purchasing and supply diversification are crucial for maintaining competitive polyurethane pricing and ensuring supply continuity.
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