In November xxxx, Polyol prices in the European region increased, with market participants raising their quotations.
Polyol production rates were average in Europe, supported by moderate feedstock availability in the region. The rise in Polyol key feedstock Propylene Oxide costs, driven by strong demand from Propylene Glycol manufacturers supported by steady orders from international buyers, exerted upward pressure on the Polyol production costs. At the same time, the weak availability of upstream propylene, caused by reduced imports and ongoing logistics constraints, has contributed to the increase in prices. Additionally, the Euro area manufacturing downturn persisted into Qx, with the Eurozone Manufacturing Purchasing Manager鈥檚 Output Index for November xxxx dropping below October鈥檚 level, hitting a two-month low. Business activity contracted again, marking the second decline in three months. Confidence in future output sank to its lowest point in over a year, while new orders fell for the sixth...
