Propylene Oxide (PO) prices experienced a decline of USD xx/MT, driven by falling propane prices and the stabilization of propylene costs. While the conversion of PO into Polyols and Propylene Glycol (PG) continues, the pace has slowed due to easing demand in the cosmetics and food-grade PG sectors. The Polyol market in the U.S. has also stabilized as production rates decreased, with lower conversion to higher-grade Polyols reflecting reduced demand for polyurethane (PU).
Crude oil prices dropped by over xx this week due to decreased sales, with domestic consumption in the U.S. moderating amid weakening business confidence. Cost pressures are cascading through the intermediate value chain, as the end-of-month Labor Day holidays further dampened market activity.
PO supply in the U.S. improved this week as procurement slowed, reflecting reduced demand. Adequate stock levels, combined with higher outages and lower spot propane prices, contributed to the...
