How is the global PO supply map shifting after European plant closures?
European closures are partly driven by carbon border tariffs and high energy costs, not just demand weakness. For Chinese PO buyers, this means export opportunities for polyether polyols are improving, but also that imported PO from Europe will become scarcer. Domestic producers with HPPO or co-product routes—like Wanhua and Jinhua—are best positioned to capture the margin expansion.
