Daily Review: Polyester Polyol Market Stabilizes

On April 17th, the polyester polyol market maintained a stable operation. The reference price for AA/BG was 14,500 to 15,400 yuan per ton, the reference price for AA/EG was around 13,500 to 13,900 yuan per ton, and the reference price for AA/BG/EG ranged from 13,700 to 14,200 yuan per ton, remaining steady compared to the previous working day. The price of raw material adipic acid fell. Recently, the market quotations have been continuously weak, and the overall trading atmosphere has not improved, with a generally bearish sentiment among industry players. The price of ethylene glycol slightly decreased, and the supply of ethylene glycol continued to shrink. However, the sales of downstream polyester were average, and the purchasing sentiment for ethylene glycol remained cautious.

Forecast for the future: With limited changes in the supply and demand pattern, and ongoing pressure on the cost side, market negotiations will follow the trend, and order releases will be slow. It is expected that the overall polyester polyol market will remain stable in the short term. Specific attention should be paid to the trend of raw materials and the actual follow-up of demand.