The Pentaerythritol (PENT) price trend remained stable during the first half of June as producers kept their quotations unchanged amidst a well-maintained balance between supply and demand.
Previously, the orders for PENT were moderately low from the Polyol manufacturers due to sluggish consumption from the Polyurethane segment as the offtakes fell notably in by the domestic and international buyers. The reduced consumption of Polyurethane foam manufacturers from the Automotive sector amid oversupplies of Chinese EV vehicles in the overseas market kept the PENT inventory levels firm in the regional market. Simultaneously, the agrochemical market was moving with the wait-and-watch scenario, and stocking practices were stable for the insecticide producers.
However, the inquiries for PENT improved from the agrochemical producers because of increased consumption in the agriculture sector during peanuts, rice, and Sorghum planting season. At the same time, in May xxxx, the Manufacturing Purchasing Manager&#xx;s Index...
