Daily Review: Polyester Polyol Market Steady with Minor Fluctuations

On June 16, the polyester polyol market remained stable with slight fluctuations. The reference price for AA/BG is 11,300 to 11,700 CNY/ton, for AA/EG is around 10,200 to 10,600 CNY/ton, and for AA/BG/EG is 10,800 to 11,300 CNY/ton, maintaining stability compared to the previous working day. The market price for raw material adipic acid is stable. Although manufacturers still hold a firm price stance, market demand is relatively weak, and buying interest has not improved. The ethylene glycol market continues to show weakness, with the geopolitical situation easing supply pressures for both raw materials and products, leading to further declines in ethylene glycol prices.

Market outlook: The raw material market is unlikely to provide momentum to drive market trends, market participants have limited willingness to trade, and downstream buyers are entering the market only for rigid demand. It is expected that the polyester polyol market will remain stable with a mild tone in the near term. Particular attention should be paid to raw material trends and the follow-up of actual demand orders.