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Episode 1229: PODCAST: European oxo-alcohols, derivatives markets seeing subdued activity, healthy enough availability in July
Jul 31, 2024
Cameron Birch, a glycol ethers report editor, joins Nicole Simpson, the oxo-alcohols editor, and Mat Jolin-Beech, who specializes in acrylate esters. They discuss the European oxo-alcohols and derivatives markets, noting subdued summer activity and healthy supply levels. The trio examines the sluggish demand from key sectors and how interest rates impact market dynamics. They also dive into rising shipping costs and specific supply challenges, shedding light on broader industry trends affecting the chemical landscape.
11:03
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Quick takeaways
- The European oxo-alcohols market is exhibiting stable prices and healthy availability despite sluggish demand and subdued activity in July.
- Concerns over potential supply tightness, particularly with BASF's forced majeure on 2-EHA, have prompted buyers to secure supplies proactively.
Deep dives
Current Trends in OXO Alcohols Market
The OXO alcohols market is experiencing a significant shift, as earlier tightness in supply has eased considerably, leading to stable prices in July. Demand remains sluggish, with many buyers adequately covered by their contracts, resulting in a dull market. While there are discussions about potential supply constraints from larger producers due to internal demand, these concerns are not affecting buyers significantly at the moment. The overall consensus is that the market is expected to remain quiet through the summer and into the autumn, with little change anticipated in downstream sectors in the near term.
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