Polyol markets eased in early July following a firm and range-bound June, as balanced availability and steady downstream demand restrained volatility. Routine procurement and stable logistics kept market activity steady through June, while mid-month conditions remained orderly with supportive inventory levels. A short-term easing phase emerged in early July as sellers adjusted positions and spot inquiries softened, marking a shift from a stable plateau to a corrective phase driven by weekly flows rather than any significant supply disruption. Demand within the polyurethane value chain remained steady, supporting ongoing activity for common polyol grades used in slabstock and molded foam applications. Upstream signals were mixed but leaned toward stability, with feedstock costs remaining broadly steady and margins under close observation. A force majeure at a major producer’s Texas facility created limited and short-lived disruptions to nearby flows but did not alter the broader market direction. Looking ahead, the Polyol outlook points toward relative stability with an underlying bullish medium-term bias, subject to logistics continuity and feedstock cost movements.
