The Chinese Polyoxymethylene (POM) market traced a stable-to-soft trend in the first three weeks of September xxxx. Prices were flat in the initial phase but began trending downwards from the week ending September x, reflecting a shift in market sentiment. While overall industrial data continued to indicate incremental improvement in China&#xx;s manufacturing sector, the POM market was kept majorly in a rangebound condition by harmonized supply-demand balances and conservative downstream participation.
Lack of aggressive buying interest and weak export momentum assisted in producing a subdued pricing environment for POM, as producers preferred to maintain prevailing offer levels rather than pursue revisions higher.
Supply-side, on the other hand, experienced POM Injection Grade FOB-Tianjin staying well-supported throughout the period on the strength of steady plant runs and firm inventory positions. While formaldehyde feedstock prices briefly rose, they subsequently declined and stabilized, exerting minimal cost burden...
