China UPR spot prices hit six-month high in August

China UPR spot prices hit a six-month high in August, per OilChem. Output fell to 257 kt; capacity use 33%; margin Yuan -195/t. Feedstock styrene, maleic anhydride and DEG costs drove prices, while downstream demand stayed soft. September looks firm but capped; watch costs, demand and crude oil prices.

China's domestic unsaturated polyester resin (UPR) market firmed in August, with spot prices hitting a six-month high. Firm cost support from sharp gains in feedstock styrene, maleic anhydride and diethylene glycol prices drove the uptick. As feedstock costs climbed, the industry turned loss-making. China UPR Prices, 2024-2026 (Unit: Yuan/t) Source: OilChem According