In the global market, Polyolefin Elastomer (POE) prices experienced a notable decrease by mid-August. This decline is primarily attributed to reduced demand from downstream and overseas markets, leading to decreased POE consumption across these sectors. In contrast, the price of Ethylene, a key feedstock, saw a significant surge, which has counteracted the pricing dynamics of POE. The market is currently characterized by ample inventory levels, prompting suppliers to manage inventories cautiously due to weaker demand. These factors have collectively contributed to the downward pricing trend of POE in the regional market.
In the German market, POE prices declined by mid-August, reflecting a downturn in sector demand amid reduced activity in key industries. Despite a x.xx rise in Ethylene prices, signaling supplier efforts to rebuild margins after a period of decline, the overall market dynamics remain challenging. Lyondell Basell, a major polyolefin-based...
