In Hx May xxxx, Polyolefin Elastomer (POE) prices in asian market fell due to a combination of lower production costs and weakening demand. South Korea&#xx;s supply stayed stable, but export activity dropped, and construction demand weakened. In Japan, falling vehicle sales and sluggish residential construction put pressure on the market. Both countries experienced a slowdown in global demand, especially from China, which contributed to the decline in POE prices.
In Hx May xxxx, the price of Octene-based POE in South Korea dropped to USD x,xxx/MT FOB-Seoul. The price drop was mainly because production costs took a hit, with Ethylene prices falling continuously. As a result, manufacturers had more room to lower POE prices.
The supply side in South Korea stayed steady. Ethylene was readily available, and local production facilities kept running smoothly without major disruptions. Port logistics also continued to...
