The Pentaerythritol (PENT) price trend showcased an upward trajectory in the European region during May xxxx as producers raised their quotations by x.xx amid consistent demand surpassing supply. The PENT market experienced substantial demand from paint manufacturers. Akzonobel experienced a xx increase in organic sales driven by a xx uptick in volumes despite a xx decline in revenue. Meanwhile, the market experienced intermediate availability of stocks, caused by the moderate operating rates at manufacturing facilities primarily attributed to limited supplies of feedstock Formaldehyde and firm offtakes from the buyers and importers. The cost support rose from feedstock Formaldehyde due to the moderate availability of stocks amid consistent purchases from regional buyers and increased prices in the competitive international market of North America. It raised the production costs of PENT.
Simultaneously, there was an increase in inquiries for PENT from paint manufacturers. Southern Europe,...
