The PU composite index for October fluctuated. September saw a weaker-than-expected PU market. in October, the market became even more sluggish. Amid few inquiries, trading in PU raw materials was thin, resulting in a consolidating PU market.

The flexible PU foam index declined in October Earlier this month,  spot TDI supply was tight as Wanhua(Xinjiang), Wanhua(Fujian) and Gansu Yinguang Chemical Industry shut their plants. In addition, some manufacturers needed to fulfill  orders placed in September, and Covestro (Shanghai) stopped selling to boost the market. As a result, the TDI market rose significantly. Later, however, as demand became weak and spot supply increased with facilities restarted, manufacturers had to reduce prices to facilitate sale, resulting in a sharp fall in the TDI market. Flexible slabstock polyols manufacturers discussed prices with buyers.

In October, the rigid PU foam index consolidated at a low level. In the month, demand for rigid PU foam was sluggish. Specifically, demand from refrigerator manufacturers continued to rise, thanks to the double-digit year-on-year growth in refrigerator exports; that from insulated pipeline project in North China shrank; and that from the cold chain and OCF sectors remained weak. Late this month, due to tight MDI supply,  the market bottomed out. With ample supply and finding it hard to sell, rigid polyols manufacturers discussed prices with buyers.

The resin index remained low in October. In the month, the AA market dipped. The high costs lent some support, but demand was sluggish as buyers made purchases as needed. The BDO market was down. In the month, the prices of feedstocks calcium carbide and methanol fell, lending decreased support to the BDO market. The supply rose significantly as maintenance was completed. However, demand was sluggish. Due to cost pressure, manufacturers were loath to reduce prices and decreased supply. but this provided limited support. traders were keen to sell. The THF market was soft-to-stable in October. The industry operating rate decreased, while operating rates in downstream sectors increased. traders sold goods according to market conditions. The PTMEG market remained stable in October. The operating rates in spandex industry remained stable, but the inventory cycle was extended. In the non-spandex products industry, synthetic leather resin manufacturers kept their operating rates low and made purchases as needed.