ICIS - chemical podcasts
Episode 1202: Europe oxo-alcohols, derivatives markets see balanced to long supply, sluggish underlying demand
Jun 24, 2024
Marion Boakye and Nicole Simpson discuss the oversupply in the European oxo-alcohols market, sluggish demand in sectors like coatings and construction, and the impact of OQ lifting their measures. They also touch on the balanced to slightly oversupplied scenario in the butyl glycol ethers market, slow buying interest, and the stable market conditions for Acrylic Estas and Butac prices.
09:53
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Quick takeaways
- European oxo-alcohols market facing intense pressure on spot prices due to abundant supply.
- Butyl glycol ethers market experiencing subdued supply/demand balance with expectations of slowing buying interest.
Deep dives
European Oxer Alcohols Market Overview
The European Oxer Alcohols market has shifted from an oversupplied position to facing intense pressure on spot prices due to abundant supply. Despite some exceptions like automotive-related applications, overall demand remains soft. Many buyers are hesitant to purchase in a falling spot price environment, leading to subdued market outlook, especially with summer being traditionally quiet and economic uncertainties dampening hopes for recovery.
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