Sluggish Market Fundamentals and Slow Trading offtakes Stabilizes the European Polyol Prices

Sluggish Market Fundamentals and Slow Trading offtakes Stabilizes the European Polyol Prices

Peter Schmidt 19-Jan-2024

In the prime week of xxxx, the regional suppliers did not change their Polyol quotations amid the moderate availability of supplies in the market. Meanwhile, amid the ongoing economic slowdown in the region, the market did not showcase any significant improvement in inquiries, and Polyol consumption rates remained moderately low in the Polyurethane segment.

As per the sources, the Eurozone&#xx;s manufacturing Purchasing Manager&#xx;s Index improved and rose marginally in the concluding month of xxxx, indicating a slight slowdown in the reduction of the manufacturing sector activities due to the decline in output rates and sluggish buying activities from the buyers. Consequently, the Polyol supply rates were firm, while offtakes remained moderately low from the domestic buyers due to sluggish consumption of Polyurethane foam from the manufacturing sector.

Meanwhile, from the beginning of the year, the cost support was stable on Polyol&#xx;s prime...

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