In the second half of May, the price of Polyolefin Elastomer (POE) in the US market saw a decrease, while it remained stable in the Asian market. This price fluctuation of POE in both regions reflects a declining trend over the past few months, driven by continuous destocking by suppliers. Interestingly, the price of the major feedstock, Ethylene, has increased in the US market. Despite this, the downstream Automobile and Construction sectors are experiencing positive demand, supporting overall POE consumption in the US but destocking persist its price downturn. Conversely, in Asia, the underperformance of the Chinese market, the region&#xx;s biggest player, has hampered the demand for POE, contributing to its price stability in the downward price trend.
In the US market, the price of POE experienced a notable decline this week, primarily due to ongoing destocking activities among suppliers, which led to a continued decrease in...
