As of the third week of April, the European market for Polyolefin Elastomer (POE) has maintained stability in prices. This steadiness in the POE price is primarily attributed to the lack of significant demand from market participants, leading to minimal activity in inventories accumulation or destocking. However, in the feedstock market, the continued uptrend in Ethylene prices has counteracted any potential upward movement in POE prices. While in the US market, the price continued to exhibit its downward trend till this week. Looking at the long-term price action, POE prices are experiencing a downtrend, indicating that market participants are not actively engaging in inventories accumulation. This lack of enthusiasm has resulted in subdued activity, with no significant changes in the supply and demand ratio.
In the European market, especially in Germany, the price of Polyolefin Elastomer (POE) octene based has remained stable at xxxx USD/MT FD-Hamburg. Despite...
