In February xxxx, the Polyol prices witnessed a marginal increment of x.xx in the European region. At the beginning of the month, the production rates of feedstock Propylene Oxide were afflicted by the tight availability and delayed supplies of upstream Propylene from the US exporters due to trade problems through the Suez Canal. Consequently, the production costs of Polyol increased due to an increase in the feedstock Propylene Oxide prices because of the limited availability of supplies and firm demand from downstream Glycol manufacturers. The Eurozone&#xx;s Manufacturing Purchasing Manager&#xx;s Index declined marginally in February xxxx compared to the previous month and remained below xx, indicating a slowdown in manufacturing sector activities. Consequently, the availability of stocks was inadequate in the market due to a slight decline in the production rates and moderate offtakes from the buyers during the month.
The Polyol demand was moderate to produce Polyurethane...
