The Polyol prices declined slightly in the European market during mid-Qx, xxxx. Demand weakened from the Polyurethane segment to produce PU materials amid fewer new car registrations and cautious building projects in the automotive and construction sectors. Despite some regional stability in countries like Germany and Italy, overall demand remained low.
High energy prices in Europe, weak local demand for Polyol, and strong competition from other countries have made it hard for European producers to compete. European producers are struggling to compete with cheaper imports from other regions. However, Polyol prices are expected to rise by the end of the second quarter, driven by seasonal demand from construction, while production stays steady and supply delays due to ship rerouting around South Africa tightening market availability.
The demand for Polyol used to produce polyurethane (PU) products remained subdued amid weak...
