For the Quarter Ending June 2026
Polyol Prices in APAC
- In Japan, the Polyol Price Index rose by 38.09% quarter-over-quarter, reflecting strong export demand abroad.
- The average Polyol price for the quarter was approximately USD 1890.00/MT, supported by exporter discipline.
- Polyol Spot Price remained unchanged at FOB Osaka, supported by balanced inventories and production rates.
- Polyol Price Forecast expects moderate adjustments driven by export demand shifts and seasonal procurement patterns.
- Polyol Production Cost Trend: stable Propylene Oxide inputs, elevated energy tariffs keep margins under pressure.
- Polyol Demand Outlook remains steady with Southeast Asian buyers maintaining purchases while downstream call-offs hold.
- Polyol Price Index stability reflected operating rates, export reallocation after Belgian closure and disciplined offers.
- Competitive South Korean and Chinese cargoes moderated Japanese offers, keeping FOB Osaka liquidity and shipments.
Why did the price of Polyol change in June 2026 in APAC?
- Balanced supply and stable Propylene Oxide costs limited upward pressure on Polyol prices in June.
- Comfortable inventories and steady regional export demand enabled sellers to hold offers, preventing spot volatility.
- Elevated energy tariffs and unchanged logistics kept production costs steady, limiting further price movements overall.
China
- In China, the Polyester Polyol Price Index rose by 42.65% quarter-over-quarter, driven by export reallocations.
- Polyester Polyol Spot Price weakened as Propylene Oxide eased, diminishing immediate producer cost support levels.
India
- In India, the Polyol Price Index rose by 40.67% quarter-over-quarter, reflecting strong contract flows domestically.
- Polyol Spot Price weakened as imports and easing feedstock costs allowed sellers to lower offers.
Polyol Prices in Europe
- In Germany, the Polyether Polyol Price Index rose by 74.59% quarter-over-quarter, driven by Covestro outage and tight export demand.
- The average Polyether Polyol price for the quarter was approximately USD 2551.33/MT, reflecting supply disruptions and restocking.
- Tight terminal inventories supported higher Polyether Polyol Spot Price levels, reinforcing the region's Price Index and seller leverage.
- Rising Propylene Oxide values elevated Polyether Polyol Production Cost Trend, pressuring margins despite stable energy and logistics.
- Polyether Polyol Demand Outlook remains firm for insulation and automotive sectors, with steady export bookings sustaining procurement.
- Short-term Polyether Polyol Price Forecast indicates stable to firmer offers as restarts and outages balance regional availability.
- Producers operated at moderated rates; Covestro restart eased shortages, but outages elevated Polyether Polyol Price Index volatility.
- Strong downstream procurement from insulation and foam producers limited spot availability, supporting elevated Polyether Polyol Spot Price momentum.
Why did the price of Polyether Polyol change in June 2026 in Europe?
- Force majeure at a major polyol unit reduced output, tightening supply and pushing FOB prices higher.
- Elevated Propylene Oxide feedstock costs increased production economics, contributing to firmer seller pricing and margin protection.
- Restart of Covestro and normalized Rhine logistics restored availability, stabilizing prices despite persistent export restocking.
Netherlands
- In the Netherlands, the Polyol Price Index rose by 70.7% quarter-over-quarter, driven by feedstock increases.
- Polyol Spot Price firmed during April–May, lifting the regional Price Index amid tighter export allocations.
UK (United Kingdom)
- In UK (United Kingdom), the Polyol Price Index rose by 79.06% quarter-over-quarter, reflecting import tightness.
- Polyol Spot Price rose sharply in May driven by import premiums and constrained merchant availability.
Polyol Prices in North America
- In the USA, the Polyether Polyol Price Index rose by 40.4% quarter-over-quarter, reflecting Gulf tightness.
- The average Polyether Polyol price for the quarter was approximately USD 2578.33/MT, on FOB basis.
- Polyether Polyol Spot Price tightened after scheduled turnarounds, supporting prompt offers amid limited merchant availability.
- Polyether Polyol Price Forecast signals gradual easing once plants restart, subject to feedstock cost movements.
- Polyether Polyol Production Cost Trend remains elevated due to Propylene Oxide and higher utilities costs.
- Polyether Polyol Demand Outlook steady with construction, furniture, and automotive maintaining procurement without aggressive restocking.
- Polyether Polyol Price Index remained firm as disciplined rates and export enquiries limited available cargoes.
- Inventories and export demand constrained spot volumes, Polyether Polyol Spot Price and Price Index climbed.
Why did the price of Polyether Polyol change in June 2026 in North America?
- Maintenance and turnarounds tightened Gulf Coast availability, elevating prompt Polyether Polyol offers despite domestic demand.
- Higher Propylene Oxide and energy costs increased production expenses, supporting the Polyether Polyol Price Index.
- Export enquiries from Canada and Mexico absorbed cargoes, limiting domestic inventory builds and firming offers.
For the Quarter Ending March 2026
Polyol Prices in North America
- In USA, the Polyol Price Index fell by 12.4% quarter-over-quarter, reflecting softer downstream demand conditions.
- The average Polyol price for the quarter was approximately USD 1836.33/MT, from FOB Texas assessments.
- Polyol Spot Price eased in March as the Price Index signalled discounting amid steady production.
- Polyol Production Cost Trend remained contained as propylene oxide stabilised, offsetting marginal natural gas increases.
- Polyol Demand Outlook is subdued; furniture and automotive weakness limits buying, construction provides steady baseline.
- Polyol Price Forecast points to modest near-term downside given inventories, balanced production, and cautious buyers.
- Polyol Price Index moderated late quarter as steady plant run-rates and export flows limited declines.
- Inventory builds and export competitiveness pressured Polyol Spot Price despite manageable Production Cost Trend improvements.
Why did the price of Polyol change in March 2026 in North America?
- Ample Gulf Coast production and steady exports left domestic inventories comfortable, reducing upward price pressure.
- Feedstock propylene oxide stability offset modest natural gas utility increases, limiting net production cost escalation.
- Muted downstream buying from furniture and automotive sectors with cautious restocking kept spot liquidity subdued.
Polyol Prices in APAC
- In Japan, the Polyether Polyol Price Index rose by 24.24% quarter-over-quarter, due to feedstock outages.
- The average Polyether Polyol price for the quarter was approximately USD 1368.67/MT, reflecting Osaka assessments.
- Tight domestic run-rates elevated Polyether Polyol Spot Price, narrowing arbitrage and constraining available import volumes.
- Current Polyether Polyol Price Forecast signals short-term firmness amid constrained feedstock and steady downstream consumption.
- Rising Propylene Oxide costs pushed the Polyether Polyol Production Cost Trend upward, squeezing producer margins.
- Domestic Polyether Polyol Demand Outlook remains supportive from automotive seating, construction insulation, and CASE applications.
- Inventory days at Osaka and Chiba stayed average, keeping the Polyether Polyol Price Index balanced.
- Major producers implemented measured cutbacks; export inquiries softened while buyers paused purchases before maintenance periods.
Why did the price of Polyether Polyol change in March 2026 in APAC?
- Cracker outages and uncertain naphtha arrivals tightened feedstock availability, triggering production limitations and higher offers.
- Higher Propylene Oxide and winter energy costs elevated production expense, reducing margins and limiting discounts.
- Balanced domestic demand and adequate inventories moderated price increases, while geopolitical risks preserved pricing discipline.
Polyol Prices in Europe
- In Germany, the Polyol Price Index fell 8.93% quarter-over-quarter, driven by supply and weak demand.
- The average Polyol price for the quarter was USD 1461.33/MT per weekly Hamburg FOB assessments.
- German Polyol Spot Price softened as sellers widened offers, inventories grew and flexible-foam demand weak.
- Polyol Price Forecast indicates modest downside near-term with balanced supply and muted industrial buying activity.
- Polyol Production Cost Trend saw limited upward pressure from energy tariffs, insufficient to sustain offers.
- Polyol Demand Outlook remains mixed with insulation supporting rigid-foam while furniture and bedding demand weak.
- Export discounts pressured the Polyol Price Index as competitive Asian imports and domestic supply prevailed.
- Major German producers ran steady rates, supporting supply continuity and limiting Polyol Spot Price volatility.
Why did the price of Polyol change in March 2026 in Europe?
- Adequate propylene-oxide supply and steady plant run-rates expanded inventories, reducing upward price pressure in Germany.
- Muted downstream consumption from furniture and automotive sectors lowered spot enquiries and weakened buying activity.
- Stable feedstock and energy costs limited cost-push but logistical smoothness sustained exports and balanced supply.
For the Quarter Ending December 2025
North America
• In USA, the Polyol Price Index fell by 0.27% quarter-over-quarter, reflecting balanced supply and steady demand.
• The average Polyol price for the quarter was approximately USD 2096.67/MT, per dataset calculations and weighted volumes.
• Observed Polyol Spot Price remained range-bound, mirroring balanced inventories and muted export demand across the quarter.
• Polyol Price Forecast in reports shows modest volatility tied to seasonal restocking and anticipated energy cost movements.
• Polyol Production Cost Trend experienced upward pressure from elevated energy and feedstock logistics, squeezing manufacturer margins.
• Polyol Demand Outlook remained stable, supported by automotive and construction sectors while furniture demand stayed subdued.
• The Polyol Price Index showed limited weekly movement, with 12-week averages indicating sustained market sideways trading.
• High domestic inventories and steady exports constrained upward momentum despite producers operating at balanced rates across the region.
Why did the price of Polyol change in December 2025 in North America?
• Balanced domestic supply and steady downstream demand maintained price stability, limiting upward or downward movement.
• Elevated energy and feedstock costs exerted margin pressure, partially offset by robust propylene oxide availability.
• Improved Asia-Europe shipping balanced transpacific weaknesses, causing mixed logistics impacts on export flow and timing.
APAC
• In Japan, the Polyol Price Index rose by 0.82% quarter-over-quarter, reflecting modest inventory adjustments observed.
• The average Polyol price for the quarter was approximately USD 1101.67/MT, reflecting balanced supply and resilient downstream consumption.
• Polyol Spot Price strengthened December amid tighter supply, higher energy costs and year-end buying activity.
• Polyol Price Forecast anticipates modest volatility with winter cost pressures and spring demand normalization expected.
• Polyol Production Cost Trend showed upward pressure from elevated energy and logistics expenses, limiting flexibility.
• Polyol Demand Outlook remained steady supported by construction, automotive and furniture sectors sustaining consumption levels.
• Polyol Price Index movements were influenced by reduced operating rates at several producers and constrained export availability.
• Polyol Spot Price volatility was muted during October–November, following a prolonged sideways pattern and balanced fundamentals.
• Polyol Price Forecast drivers include feedstock Propylene Oxide availability, seasonal restocking, and elevated winter logistics costs.
Why did the price of Polyol change in December 2025 in APAC?
• Tightened supply as several producers reduced operating rates, limiting spot availability and lifting near-term prices.
• Higher energy and logistics costs increased production expenses, supporting price strength despite some feedstock easing.
• Year-end buying and export demand from regional importers amplified demand, intensifying pressure on already constrained supply.
Europe
• In Germany, the Polyol Price Index fell by 0.21% quarter-over-quarter, reflecting marginal downward pressure overall.
• The average Polyol price for the quarter was approximately USD 1604.67/MT based on weekly assessments.
• Polyol Spot Price remained range-bound near assessment levels, with balanced supply and steady industrial consumption.
• Polyol Price Forecast indicates limited near-term volatility, influenced by seasonal restocking and constrained feedstock availability.
• Polyol Production Cost Trend showed upward pressure from elevated energy and propylene oxide input costs.
• Polyol Demand Outlook remains stable, supported by automotive and construction sectors despite softer furniture orders.
• Inventory levels and exports pressured the Polyol Price Index, though intra-European trade preserved supply continuity.
• Major producer operating rates remained stable, while logistics bottlenecks and tariffs constrained regional shipment flexibility.
Why did the price of Polyol change in December 2025 in Europe?
• Constrained propylene oxide availability tightened upstream supply, exerting upward pressure on Polyol assessments in December.
• Elevated energy and raw material costs increased production expenses, supporting price uptick despite steady output.
• Year-end restocking and logistical challenges balanced demand and supply, resulting in unchanged weekly price behaviour.
For the Quarter Ending September 2025
North America
• In the USA, the Polyol Price Index fell by 1.7% quarter-over-quarter, reflecting stable demand conditions.
• The average Polyol price for the quarter was approximately USD 2102.33/MT with FOB Texas assessment.
• Polyol Spot Price remained range-bound amid balanced flows while the Polyol Price Index signalled neutrality.
• Polyol Price Forecast shows limited near-term upside as balanced supply and cautious buying constrain rallies.
• Polyol Production Cost Trend eased modestly as softer propylene oxide prices reduced immediate cost pressure.
• Polyol Demand Outlook appears constructive from automotive and construction sectors, supporting steady domestic offtake levels.
• Moderate inventories and weaker exports pressured the Polyol Price Index, while producers maintained stable operating rates.
• Hurricane season risks along Gulf Coast could disrupt logistics and lift Polyol Spot Price volatility.
Why did the price of Polyol change in September 2025 in North America?
• Moderate domestic demand from automotive and construction sustained offtake in Q3, preventing sharper Polyol declines.
• Easing propylene oxide costs reduced production expenses while freight and tariff complexities limited exports volumes.
• Balanced inventories, stable operating rates, and muted speculative activity produced range-bound Polyol Price Index performance.
APAC
• In Japan, the Polyol Price Index fell by 3.02% quarter-over-quarter, reflecting lower production costs and demand from regional buyers.
• The average Polyol price for the quarter was approximately USD 1092.67/MT, based on Osaka FOB assessments.
• Polyol Spot Price remained range-bound amid balanced supply, steady demand and easing propylene oxide costs.
• Regional Polyol Price Forecast indicates modest volatility ahead, influenced by seasonal demand and logistics disruptions.
• Polyol Production Cost Trend weakened as crude oil and propylene costs eased, reducing cost pressure.
• Polyol Demand Outlook remains cautious as automotive and construction offtakes show mixed recovery across Japan.
• Seasonal inventory tightening supported offers, while export demand from Asia kept Polyol Price Index firm.
• Producers maintained moderate operating rates, with maintenance and feedstock availability shaping short-term Polyol supply balances.
Why did the price of Polyol change in September 2025 in APAC?
• Easing upstream costs lowered feedstock propylene oxide costs, reducing production expense and pressuring Polyol prices.
• Moderate downstream demand from automotive and construction limited upside, leaving market balanced despite logistical disruptions.
• Port congestion and inland transport delays increased costs, uncertainty, constraining timely shipments and affecting offers.
Europe
• In Germany, the Polyol Price Index fell by 3.27% quarter-over-quarter, reflecting persistently weak demand-supply dynamics.
• The average Polyol price for the quarter was approximately USD 1608.00/MT, reflecting balanced regional supply.
• Polyol Spot Price remained range-bound due to balanced supply, steady offtake, and constrained logistics conditions.
• Polyol Price Forecast suggests mild upward pressure from seasonal restocking and limited propylene oxide availability.
• Polyol Production Cost Trend eased with lower crude-derived propylene, though energy rebounds increased manufacturing margins.
• Polyol Demand Outlook remains stable supported by construction insulation projects and automotive interior foam requirements.
• Lower exports and inventories tightened supply, influencing the Polyol Price Index, and raising regional premiums.
• Major producer maintenance and seasonal turnarounds reduced output intermittently, supporting mild Polyol price improvements regionally.
Why did the price of Polyol change in September 2025 in Europe?
• Propylene oxide supply constraints and lower exports tightened regional Polyol availability, limiting downward price movement.
• Easing upstream prices reduced production costs, but elevated energy and logistics expenses offset price declines.
• Steady demand from construction and automotive maintained balanced Polyol offtake, preventing significant September price weakness.
