North America

A shift in Polyol’s price trend was seen during Q4 2022. During the H1 of the quarter the oroduct prices decreased consistently due to the reduction in feedstock Propylene Oxide prices caused by weak upstream prices. Simultaneously increased inventory levels due to diminis shed product offtakes negatively impacted product prices. However in the final month of the quarter the price trend shifted and Polyol’s prices rose till the end of Q4 due to an increa sein thefeedstockandinput costs whie the demand was moderate from end-user industries After the end of Q4 Polyol prices in the USA settled at USD 4830/MT, after a marginal decrem ment of 1% in the previous quarter’s discussions.

Asia

The Asan market showcased afluctuating price movement of Polvol during the 4th quarter of2022.likewise the other internationamarkets. nitialv the prices fell persistently because of weak demand sentiments from downstream industries and decreased feedstock costs. Howe ver in the final month of the quarter the product price trend revived, and Polyol prices rose til the end ofthe quarter due to increased upstream price quotations by the exporters, whic n boosted the production costs. Also, the product inventory levels were affected due to plant shutdown activitiesas<pXchemicaSouth Korea. with a capacity of 30.000 MTPA. went unde er shutdown in August. At the end of Q4 China’s Polyether Polyol MW 3000 FOB-Qingdao and Polyester PolyolMW1700 FOB-Qingdao prices settled at USD 1490/MT and USD 1310/MT.

Europe

Afuctuation in the pricemovement of Polvo was seen in Germanv during 03.2022. In the H1 of the quarter product prices declined due to reduced feed and upstream costs caused by dampened demandfromdownstreamindustries and increased raw material inventory levels. At the same time, the rationing of input supplies from the Russian exporters resulted in pressure on European manufacturers, and the domestic downstream producers cut their operatior hal rates amid the rising inflation. Alsothe high inflation rates, and deteriorating economic situations,depreciated the Euro values against the US Dollar Subsequently in the final mor th ofO3. the price trend shifted. and product prices rose till the end of the quarter due to an increaseinthefeedPropyene oxide costs and an improvement in product demand from PU producers.After amost a decrease of9% from the previous quarter’s discussions, Germany’s Polyol prices settled at USD 3100/MT at the end of Q4.

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