Echemi Market review: In February, the dealing prices for 95% pentaerythritol were quiet. Raw materials prices moved marginally, and the support to pentaerythritol was weak. Influenced by the traditional Spring Festival, upstream and downstream users retreated from the market. Up to February 28, delivered prices for 95% pentaerythritol in East China were in the range of RMB 11,600-12,300/mt. Mainstream prices for 98% pentaerythritol were in the range of RMB 12,500-13,500/mt. Prices for 99% pentaerythritol were in the range of RMB 13,500-14,000/mt.
Forecast: Prices of raw materials decline recently and the effect on the pentaerythritol market is not obvious. In March, the raw materials won’t support the pentaerythritol market. Downstream users come back the market gradually, and they will mainly consume inventories stocked before. The demand for pentaerythritol will be weak. On the whole, the Chinese pentaerythritol market will continue to inch down.
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