With inventories generally long, notations for polyurethane feedstocks in Western Europe showed little change in February against January, the newsletter Plastics Information Europe (PIE, Bad Homburg / Germany; www.pieweb.com) says in its latest report. However, the downslide has been halted.
Although higher MDI production costs suggested a rise for the polymeric material in Q1, prices actually fell by EUR 25/t. The EUR 10/t decline for pure MDI was seen as a rollover, and concessions granted larger customers in January as a fleeting phenomenon, as February saw notations restored prices to the previous level. Polyols producers stuck rigidly to the numbers agreed earlier, PIE says.