European POM Prices Hold Steady Amid Economic Headwinds and Weak Demand

European POM Prices Hold Steady Amid Economic Headwinds and Weak Demand

Rene Swann 03-Oct-2024

In the last week of September xxxx, Polyoxymethylene (POM) prices in Europe remained stable, mirroring the trend seen throughout the month, despite ongoing economic challenges affecting key sectors such as automotive and various industrial applications. The market reflected a balance between sufficient supply and subdued demand across the region, keeping the POM prices steady. Although feedstock Formaldehyde prices rose, sufficient product availability allowed traders to maintain consistent pricing. As a result, POM prices in Germany held firm at USD xxxx/MT for Injection grade, FOB Hamburg, during the week ending September xx, xxxx.

The supply of POM in Europe remains sufficient to meet current market demands, as manufacturers and suppliers have effectively maintained the supply chain despite worsening conditions in the German manufacturing sector in September. Low demand has ensured that the market remains well-stocked, which has been a key factor in stabilizing prices and preventing significant fluctuations...

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