The Polyol Prices in the USA Surges amidst Strong Demand Support

The Polyol Prices in the USA Surges amidst Strong Demand Support

Jung Hoon 01-Aug-2024

The Polyol price trend showcased upward movement at the beginning of Qx of xxxx, and producers raised their quotations by almost xx during the month amid positive demand outlooks. The demand for Polyol remained steady in the downstream polyurethane segment due to consistent consumption of materials in the construction, automotive, and manufacturing sectors. The construction industry continued to perform strongly. According to the US Census Bureau, construction spending in May xxxx was projected at a seasonally adjusted annual rate of USD x,xxx.x billion, reflecting a slight decrease of x.xx from the revised April estimate of USD x,xxx.x billion. It contributed to the firm consumption of polyurethane materials and its key component, Polyol. Simultaneously, in the automobile sector, total new-vehicle sales for July xxxx, including retail and non-retail transactions, are projected to reach x,xxx,xxx units, a x.xx increase compared to July xxxx, according to a joint forecast...

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