In October xxxx, Polyalphaolefin (PAO) prices exhibited contrasting patterns across European and Asian markets. Europe saw a notable increase in PAO prices, driven by heightened demand from the automotive and industrial lubricants sectors in anticipation of the upcoming festive season, alongside supply limitations due to slowed manufacturing activities. In Asia, however, prices remained steady, influenced largely by demand trends in China, which experienced supply chain disruptions that impacted the costs of imported raw materials. As a result, the price of PAO xcSt FOB Dusseldorf (Germany) rose by approximately xx, reaching USD xxxx/MT, while Asian PAO prices-maintained stability.
The European PAO market saw prices rise this month, fueled by a moderate increase in demand from the automotive sector, particularly as Germany reported a x.xx year-on-year growth in new passenger car registrations, totaling xxx,xxx units. Despite this increase, the year-to-date sales remained marginally down by x.xx, totaling x,xxx,xxx units,...
