ICIS - chemical podcasts
Episode 1285: Europe oxo-alcohols, derivatives markets seeing subdued year-end, outlook for 2025 also sluggish
Dec 23, 2024
This discussion features Cameron Birch, the glycol ethers report editor at ICIS, who provides keen insights into the European oxo-alcohols and derivatives markets. The panel highlights the subdued winter demand and ongoing de-stocking practices as 2023 closes. They delve into supply dynamics, particularly in the automotive sector, and the cautious outlook for 2025 amidst economic challenges. The conversation raises questions about potential market recovery while acknowledging that significant improvements remain unlikely.
15:04
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Quick takeaways
- The European oxo-alcohols and derivatives markets have slowed down significantly in December due to de-stocking and weak winter demand.
- Looking ahead to 2025, market participants anticipate continued challenges with low demand and uncertain recovery, especially in the automotive sector.
Deep dives
Current Market Conditions for OXO Alcohols
The market for OXO alcohols has experienced an unexpected decline in December, with players facing a more significant seasonal slowdown than anticipated. Factors contributing to this downturn include extensive de-stocking among sellers and challenges within the automotive sector, which has traditionally been a key driver for demand. Despite a slowdown in consumption, the supply of normal butanol (NBA) has improved, with several producers reporting ample stock positions contrary to previous constraints. Overall, the market dynamics seem to reflect a continuation of earlier trends, but at a notably slower pace as the year concludes.
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