In May xxxx, the European Pentaerythritol (PENT) market remained stable while prices experienced a slight decline due to rising inventory levels and logistic challenges. Production rates were steady in the region, supported by moderate formaldehyde availability. Meanwhile, supply chain disruptions, including port congestion at major hubs like Rotterdam and Hamburg, low water levels on the Rhine River, and new transport regulations across several countries, created a challenging shipping environment.
On the demand side, buying activities remained stable but cautious amid inflation and restructuring pressures. Looking ahead, demand from polyurethane industries is expected to improve with an increase in the use of PU foams and coatings in construction, while supply delays from vessel rerouting around South Africa may tighten availability, indicating an upward shift in PENT market dynamics in the latter half of Qx xxxx.
The PENT production rates were...
