In mid-March, there was a notable surge in the price of Polyolefin Elastomer (POE). This increase in the POE price is primarily attributed to suppliers accumulating inventories in response to positive developments in the downstream Automobile sectors. The current price movement of the POE reflects a slight rebound from the continuous decline observed in the past few months, indicating a shift in both supplier and market sentiments.
In the European market, especially in Germany, POE prices have reached xxxx USD/MT FD-Hamburg in mid of March marking an increment of x.xxx. In the feedstock market the price of the Ethylene and Propylene witnessed a decline in the respective period. In the Naphtha market, futures for Naphtha have surged past USD xxx per ton, hitting a five-month high due to growing concerns about supply disruptions arising from escalating tensions in the Middle East. The sinking of the UK-owned cargo...
