Key Highlights
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Asian cracker outages tightened ethylene availability, constraining upstream feed.
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Automotive and industrial end-use orders remained subdued, mirroring mixed regional demand.
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Suppliers deployed strategic hedging and stock rotation to support flat price trajectories.
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Logistics slowdowns in China and Japan added uncertainty but did not trigger POE price spikes.
Feedstock Trend:
POE price trend
Demand Side
Global POE consumption softened as auto compounding and wire-and-cable orders showed limited growth. Japanese vehicle sales plunged xx.xx in August, while South Korea edged up just x.xxx, producing cautious compound offtakes. In Southeast Asia, downstream converters deferred non-critical orders amid competitive resin premiums, leading to a sideways POE demand curve. Overall, end-users focused on maintaining minimal replenishment, reinforcing the flat price environment.
Supply Perspective
