Covestro ‘virtually sold out’ for performance materials since Q4 2020 – CFO

摘要

LONDON (ICIS)--Strong demand has resulted in Covestro selling out nearly its entire stock of polycarbonates, standard urethanes and base chemicals since late 2020, according to the CFO of the Germany-based producer Strong demand for commodity chemicals and shutdowns and force majeures in polycarbonates and isocyanates markets has resulted in strong pricing for much of Covestro’s key products, with CEO Markus Steilemann projecting that conditions are unlikely to normalise before the fourth quarter at the earlier.