Get the latest insights on price movement and trend analysis of Polyol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
for the First Half of 2022
The price trends for Polyol inclined steadily during the first quarter owing to healthy pricing fundamentals. The robust downstream demand from the polyurethane and textile industries supported the high prices of polyols. With the resurgence of covid related shutdowns and geopolitical turbulence, the global supply chain was affected. Dwindling inventories and complex logistics provided much upstream cost pressure, which was aided by the solid demand from the automotive and construction sector.
The price of polyester polyol MW 3000 and ice of polyester polyol MW 3000 & μ 550 grade averaged 2798.04 USD/MT Ex- Mumbai. However, the prices in the Chinese domestic market were lower than the Indian domestic market, given the strong demand fundamentals in the domestic Indian market.
As the upstream cost pressure stabilized in the second quarter and the factories started churning out products, the manufacturers dropped their quotations to make room for new production. Hence, polyols prices fell in the second quarter in the Asia- Pacific region.
The consistent demand from the pharmaceutical, automotive, and aerospace industries kept the polyol pricing fundamentals strong in the European market. The price of polyether polyol μ 400-650 averaged 3110 USD/MT during the said period. Given the high-cost inflation and energy crisis, polyol prices reached dramatic highs. Later, towards the end of Q2, the prices for polyols plateaued and stabilized as the upstream oil and gas prices relaxed.
The price of polyether polyol averaged 4516 USD/MT during the first quarter. These high pricing fundamentals were due to a plethora of factors, namely high crude oil prices, frequent supply shocks, lack of skilled labour, complex logistics and strong market sentiments.
However, with the interest hikes by the central bank and cautious buying activity in the face of rumoured speculations of recession, soon the market demand turned lacklustre, and the prices fell, averaging 2080 USD/MT towards the end of Q2.
According to Procurement and Resource, the prices of polyether polyols are expected to decline further. With governments worldwide rolling out contractionary monetary policies and the reduced buying activity in the market coupled with stockpiling of inventories will likely cause the prices to crash.
Procurement Resource provides latest prices of Polyether Polyol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
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.
|Product Name||Polyether Polyol|
|Industrial Uses||Additive for Lubricants, Preparation of Synthetic Detergents, Sealants and Adhesives, Production of Polyurethanes|
|Supplier Database||BASF SE, Covestro AG, Royal Dutch Shell Plc, The Dow Chemical Company, Mitsui Chemicals, Wanhua Chemicals Group, LANXESS AG|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-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.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.