USD price report for the Chinese flexible polyol market

Published: 17 Mar 2009 23:55:17 PST

Flexible polyols from China's neighboring regions are transacted at pretty high levels, despite the lukewarm demand from the downstream. Current purchasing costs of imported flexible polyols almost parallel that of the local stocks, added by the abolished tax duty of stocks from Singapore, so the Chinese clients are showing more interested in the imports.

Drummed stocks from South Korea and Singapore are offered at USD1150-1200/t. PO-PPG suppliers declare that they are facing no stock pressures as all the PO factories have or planned turnarounds during Feb. and Apr. Therefore a slippery slide like that in late 2008 will not happen, even though the Chinese market remains weak in demand.