In Hx September xxxx, Polyolefin Elastomer (POE) prices remain steady, even as key feedstock prices, like ethylene, have taken a significant decrease in recent weeks. This drop in the POE price is majorly attributed to the balanced inventories availabilities among the suppliers which has kept the bidding activities to stay in range and producers keeping an eye on developments while ensuring their POE prices to stay stable.
Asian POE price marked stability amid adequate inventories and feedstock levels
In the domestic market of South Korea, the price of the POE octene based has remained stable on a FOB-Seoul basis as of Hx Sept xxxx. From the downstream market update, the automobile industry is showing positive performance, with five major carmakers achieving a combined sales volume of xxx,xxx units in September xxxx which marks an xx.xx increase over the previous month, and an xx.xx...
