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Polyol Prices Overview

Market Overview

Asia

Supply of Polyols remained snug throughout the quarter as steep climb in

feedstock prices in China pushed back some of its manufacturers from utilizing

their full capacities. Amidst the limited supply, several traders were heard

offering Polyol cargoes at premium to incur optimum gains from these market

uncertainties. With ease in majority of containment restrictions, offtakes of

Polyol cargoes from Southeast Asia showcased major revival in comparison to

the last quarter. Despite the antidumping probe imposed on the cargoes of

foam mattress originated from Southeast Asia, traders reported of steep

increment in demand from the US buyers. In the overall Asian market, buyers

were seen restocking Polyol cargoes amidst fears of consistent hike in its

feedstock prices in the coming months. Projecting a consistent increment since

July, Polyester Polyol Ex-Depot prices on CFR India basis were averaged at

USD 1942 per MT in the quarter ending September.

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data/polyols-60

North America

As production rates were curtailed in Q2 due to languished demand, the

availability of Polyol remained tight in the third quarter. Plant operating rates

were adjusted in July keeping in mind that the demand is likely to stay

dampened in the coming months. However, contrary to the perceived notions,

the demand for Polyols recovered way faster in Q3 2020 which eventually

resulted in a huge dropdown in inventory levels. Better offtakes from segments

such as bedding, and furniture helped in achieving sales figures close to the

pre lockdown levels. Furthermore, astonishing revival of the automotive sector

considerably push up the market fundamentals in North America by the

September end.

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Polyol Prices Overview

Europe

Mixed supply sentiments were observed for Polyol in the European market as

the unexpected demand recovery surpassed the overall production of Polyols

in the region. The supply of Polyols further tightened with reported shortage of

feedstock Ethylene Oxide due to issues prevailing in Shell’s Moerdijk cracker

and other upstream outages heard across the region. Higher Polyol prices in

Asia made European Polyol producers optimistic over enhanced export

demand to Middle East. However, slow recovery in the downstream automotive

sector affected the quick revival in the European region.

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risks, environmental risks, raw material availability, supply chain functionality,

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Polyol Prices Overview

Methodology

ChemAnalyst gathers information through primary research surveys conducted

with various Polyol manufacturers, spread across the domestic and

international market, suppliers and dealers/distributors to gain insights

into value-chains and demand-supply scenario to assess the market

situation. Thorough study of company’s annual reports and secondary sources

such as exhaustive search on credible paid databases, including our internal

database is done to verify the information. All the collected information is

analyzed, evaluated and presented in chronological order to depict a

meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and

analyzes various aspects of the Global Polyol market. The team analyzes

various industrial segments, strategic viewpoints and provides an analysis

of the industry’s performance in the long run. This would enable our clients in

efficiently plan their future investments, mitigate risk, understand the cost

dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global

supply chains and shift in demand patterns with change in buying behavior of

consumers across the globe.

Several ongoing development projects across industries are tracked,

followed by the details of major projects in the development stage, which can

positively or negatively influence Global Polyol market.

Pricing is captured through exhaustive primary interviews with domestic and

international manufacturers, traders and importers and customers on monthly

and yearly basis.

Finally, region-specific markets for Polyol are analyzed and region-wise

demand pattern is tracked.

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Polyol Prices Overview

About

Polyols are waxy solids or viscous liquid functional resins utilized to produce a

range of products such as elastomers, adhesives, flexible foams, sealants and

others. Polyols are categorized into polyester, polyether, polycarbonate,

polybutadiene and polyacrylate polyols. Amongst them, polyether polyols and

polyester polyols hold the maximum consumption share across globe owing to

their superior properties and better affordability. Polyols are majorly utilized in

the production of polyurethane foams. Polyester polyols are preferred over

polyether polyols in few of the rigid foam applications due to their superior

flame retardant properties and low cost. Polyester Polyols can even provide

better chemical resistance and wear resistance in coatings, elastomers,

sealants and adhesives. Most common method for the production of Polyols is

via catalyzed addition of Ethylene or Propylene Oxide to a hydrogen active

initiator in a discontinuous batch process at high temperature and pressure.

Potassium Hydroxide is the preferred catalyst in the production process.