Goldman Raises Oil Forecast
Goldman Sachs lifted its December and 2027 oil price forecasts amid heightened supply disruption risk from Russia-Ukraine and Middle East conflicts. The bank now expects higher prices, reflecting a stronger risk premium.
Goldman Sachs lifted its December and 2027 oil price forecasts amid heightened supply disruption risk from Russia-Ukraine and Middle East conflicts. The bank now expects higher prices, reflecting a stronger risk premium.
Crude oil prices are rising, adding pressure to domestic inflation. The volatility is expected to continue influencing commodity market trends.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Polyether Polyol | China | FOB | USD 3,214.74/MT | October 2026 |
| Polyether Polyol | India | CIF | USD 3,340.44/MT | October 2026 |
| Polyether Polyol | China | FOB | USD 3,204.10/MT | September 2026 |
| Polyether Polyol | India | CIF | USD 3,329.80/MT | September 2026 |
| Polyether Polyol | USA | CIF | USD 3,375.28/MT | September 2026 |
Stay updated with the latest Polyether Polyol prices, historical data, and tailored regional analysis
Asia
In China, the average Polyether Polyol price was USD 2278/MT (FOB) in the last month of Q2’26. Asian markets strengthened early in Q2 as propylene oxide availability tightened and production costs increased, encouraging polyol producers to raise offers. Conditions reversed during May and June as upstream supply improved and feedstock pressure eased. Expanding Chinese polyether polyol and propylene oxide capacity also increased expectations of greater domestic availability, reducing buyers' urgency to build inventories. India recorded an average price of USD 2366/MT (CIF) during June. In India, import economics became more favorable after the government temporarily reduced customs duty on specified polyols to zero from April through June, increasing competition from overseas suppliers. Demand from mattresses, furniture, automotive seating and insulation remained steady, but converters generally purchased according to immediate requirements.
Europe
Germany saw an average June price of USD 2399/MT (CIF). European Polyether Polyol conditions remained mixed during Q2. Producers initially faced higher petrochemical and energy costs following supply disruptions, prompting attempts to recover margins through firmer offers. However, competitive imported material, particularly from China, restricted the extent of cost pass-through. By late June, the European Commission opened an anti-dumping investigation into certain Chinese polyether polyols, highlighting the significance of lower-priced imports. Demand from insulation, automotive and furniture applications remained uneven, keeping buyers cautious.
North America
In the USA, Polyether Polyol averaged USD 2433/MT (CIF) in June. North American markets faced stronger feedstock pressure early in Q2 as petrochemical costs increased, leading producers to pursue margin-recovery measures. However, the market entered the quarter from comparatively weak selling conditions, limiting immediate pass-through. Polyurethane demand improved in selected automotive and industrial applications, but broader construction and furniture consumption remained uneven. Adequate availability and disciplined inventory management therefore prevented a sustained sharp increase.
Analyst Insight
According to Procurement Resource, Polyether Polyol prices are expected to remain broadly stable to slightly soft as improving feedstock availability and expanding supply offset steady polyurethane demand and residual production-cost pressure.
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Asia
Asian polyether polyol prices rose during Q1’26, led by China. The main driver was the sharp increase in propylene oxide, which raised production costs and pushed producers to revise offers. China’s propylene oxide imports declined, while exports also dropped, showing a tighter domestic supply position. Thailand and Saudi Arabia remained key supply origins, making the chain exposed to shipping and Middle East disruption. Downstream demand was mixed, as industrial value added rose 6.1%, but real estate investment declined 11.2%, reducing rigid foam demand from insulation and construction.
Europe
European polyether polyol prices strengthened in Q1’26 due to higher energy, logistics, and polyurethane-chain costs. Producer increases were announced for polyether polyols and MDI, reflecting pressure across the foam value chain. Euro area industrial producer prices rose 3.4% month-on-month in March, while energy prices increased 11.1%, raising costs for utilities, processing, and transportation. Demand remained weak, as industrial production fell 2.1% year-on-year and building construction declined 7.1%, limiting consumption from insulation, furniture, and construction foams.
North America
North American polyether polyol prices were mostly stable with mild firmness. Resin and petrochemical cost indicators strengthened, but foam product pricing showed limited pass-through. U.S. construction spending reached USD 2,185.5 billion in March, up 1.6% year-on-year, supporting insulation, adhesives, sealants, and furniture applications. However, downstream buyers remained cautious, and balanced foam demand prevented sharper increases.
Analyst Insight
According to Procurement Resource, near term, polyether polyol prices may remain firm if propylene oxide, freight, and energy costs stay elevated. A stronger rise would need tighter supply or better demand from construction and furniture sectors.
Polyethers are of a class of organic substances which are formed by joining or polymerizing many molecules of simpler compounds (monomers) by establishing ether links between them. Polyethers which can have chainlike or networklike molecular structures are an unusually diverse group of polymers.
Additive for Lubricants, Preparation of Synthetic Detergents, Sealants and Adhesives, Production of Polyurethanes
BASF SE, Covestro AG, Royal Dutch Shell Plc, The Dow Chemical Company, Mitsui Chemicals, Wanhua Chemicals Group, LANXESS AG
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this procedure, various chain starters are reacted in a catalysed batch process with propylene oxide and/or ethylene oxide in the presence of a catalyst.
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This report provides the cost structure of ethyl tert-butyl ether production using C4 raffinate stream or raffinate-1 or butane or isobutylene along with ethanol.
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