The price of Polyalphaolefin (PAO) has remained steady in the US and European markets over the past week, despite improvements in the automotive sectors of these regions. Despite signs of recovery in automotive industries, the demand for PAO has not seen a significant increase, keeping market conditions relatively muted. During the week ending April xx, xxxx, the price of PAO xCST was finalized at USD xxxx per metric ton on a Free on Board (FOB) Dusseldorf basis and USD xxxx per metric ton on a FOB Oklahoma basis.
In both markets, merchants had a plentiful supply of Polyalphaolefins (PAO) and stable inventory from manufacturers. This abundance of PAO resulted in a decrease in new orders from potential customers. Domestic PAO enterprises are still operating at a high capacity, maintaining an overall load rate at a moderate level. Most enterprises have seen an increase in their inventory levels,...
