As the new year unfolds, the Polyalphaolefins (PAO) market is grappling with a sustained decline in prices, primarily attributed to sluggish orders from the downstream automotive lubricant manufacturing sectors. The weakening business activity in the German market has further intensified the challenges, casting a shadow on the demand for PAO. The German market, a pivotal player in the global PAO industry, has experienced a decline in business activity, exacerbating the weakness in demand for PAO. Germany&#xx;s traditionally robust manufacturing sector, particularly in the automotive industry, has been impacted by economic uncertainties, contributing to the overall contraction in PAO demand. The driving force behind the continued price decline can be traced back to the subdued orders received from the downstream automotive lubricant manufacturers. As the automotive industry faces its own set of challenges, including supply chain disruptions and decreased consumer spending, manufacturers have scaled back their production, consequently reducing...
