Polyols Overview Transcript
The European polyols market is mainly contract based and it’s largely driven by supply-demand fundamentals and to a lesser extent feedstock movements.
It’s important pricing tool is ICIS pricing and that’s used in a variety of formula contracts for a number of players.
The main downstream sectors include construction, automotive, and also bedding and furniture outlets.
The overall pricing trend has been increasing to firm, and this is due to stable feedstock values, and also a number of upstream and PO plant outages and polyol plant outages as well and robust demand in Europe.