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Asia Pacific Polyols Market Analysis (20220314-20220325)
March 29, 2022    [Source:PUdaily]

A. Market overview
As for Southeast Asia (hereinafter referred to as SE Asia) countries, polyols price in most of them is stable in reporting period. Flexible slab polyols offerings are currently heard at around USD1,900-2,000/ton CIF SE Asia in drum.

 

Vietnam

Vietnam's furniture exports jump 15.5% in January-February According to data from the General Department of Vietnam Customs, Vietnam's total exports of wood and wood products amounted to about US$2.6 billion in January-February 2022, up 15.5 per cent year-on-year. Of this, total exports of wood products reached US$2 billion, up 11.8 per cent from the same period last year.The significant growth in total exports indicates that Vietnam's timber and wood products export market continues to show strong signs of recovery. Many Vietnamese wood processing companies are currently working overtime to increase their production capacity to deliver orders by the end of the second quarter of this year. Last year, Vietnam's timber and wood products were exported to more than 40 countries around the world, with total exports reaching US$14.81 billion for the year. Given that Vietnam's share of timber and wood products exports is gradually expanding and in order to support the sustainable development of the sector and further export expansion, Deputy Prime Minister Le Van Thanh has approved a project for the sustainable development of the wood processing sector for the period 2021-2030.

 

In Vietnam, the PPG market is down in reporting period. Flexible slab polyols offerings are heard at around USD 1,900-1,950/ton; HR polyols was reported at around USD 2,100-2,250/ton; CASE polyols at USD 2,150-2,200/ton CIF and POP45% is reported at USD1,950-2,000/ton. All in drum and CIF.

 

 

Indonesia…

Malaysia…

Thailand…
South Korea …
India …
China …
Chinese Taiwan …
Spot prices…
Raw material analysis …
Main suppliers' offers …
Imports and exports analysis …
Market outlook…

 

 

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