In November xxxx, the Polyoxymethylene (POM) market faced declining demand across European and Asian regions due to subdued market sentiment and adequate inventory levels. The automotive sector, a key consumer of POM, grappled with challenges such as slow electric vehicle (EV) adoption, high production costs, and intensified competition from Chinese manufacturers, leading to weakened demand and price drops. Other sectors, including electronics, consumer goods, and industrial machinery, showed moderate to low activity, further straining the market. In Europe, geopolitical tensions and sluggish economic growth exacerbated the downturn, while year-end destocking compounded the oversupply issue. Similarly, Asian markets reflected similar challenges, with geopolitical uncertainties dampening buyer confidence.听
The European POM market faced significant challenges, with Injection-grade POM FOB Hamburg (Germany) prices dropping xx.xx to USD xxxx/MT by November xx, xxxx. The decline stemmed from weak demand in key sectors like automotive and electronics, coupled...
