At the outset of xxxx, the Polyoxymethylene (POM) market in the European region experienced a downward trend, primarily attributed to subdued demand from downstream automotive and related sectors. The increased supply in the market has led to diminished support for POM prices. Deals for POM were moderate, with downstream users showing limited interest in stockpiling and preferring to make purchases at lower price levels. As a ripple effect of these market dynamics, the cost of POM witnessed a decline of xx during January xxxx in the German market.
In January, the weakening business activity in the German market has further intensified the challenges, casting a shadow on the demand for POM. The driving force behind the continued price decline can be traced back to the subdued orders received from the downstream automotive manufacturers. As the automotive industry faces its own set of challenges, including supply chain...
