Episode 1248: EPCA 2024: Europe oxo-alcohols chain players expect tough start to 2025

Current Market Dynamics and Demand Challenges

Demand for oxo alcohols has been disappointing, with sellers noticing a lack of restocking activity from buyers despite the summer holiday season ending. Economic factors are substantially affecting consumption levels, and while there are discussions about limited spot capacities for certain producers, buyers remain uninterested in the NBA market due to low volume requirements. Most buyers have adequate coverage through contracts, leading to a perception of ample availability in other grades such as 2EH and IBA. The ongoing economic uncertainties, particularly within the construction industry, contribute to a somber outlook as market players prepare for uncertain discussions at upcoming events, with expectations for continued challenging conditions into early 2025.