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In the latter half of July ****, European market participants reduced Pentaerythritol (PENT) prices. The supply was moderately tight amid ongoing logistical issues, including labor shortages, port congestions, and high transport costs. At the same time, demand remained stable to low, supported by consistent offtakes from the paints, coatings, and cosmetics sectors.
This trend听 was primarily due to lower feedstock Formaldehyde costs and steady availability amid weak downstream demand. By mid-Q* ****, PENT prices are expected to rise due to lower inventories and reduced production during summer holidays, while steady demand continues to support the market.
PENT production remained moderate in Europe, as weak downstream demand limited the output despite the steady availability of key feedstock Formaldehyde. In the construction sector, a major consumer of resin-based materials, reduced activities and material consumption lowered demand for Formaldehyde. As a result,...
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