The price of Polyoxymethylene (POM) remained on the higher end in China during May xxxx. In the Chinese market, the supply of POM has tightened considerably. This contraction is primarily attributed to the maintenance activities undertaken by significant producers such as Shenhua Ningmei and Xinjiang Guoye. These maintenance shutdowns have led to a reduction in the operational capacity of POM manufacturers, subsequently decreasing the overall supply in the domestic market. The lowered operating rates have exacerbated the tight supply situation, creating a more challenging environment for buyers and influencing the market balance.
Despite the supply constraints, the demand for POM has remained relatively stable. The average demand has been maintained to support ongoing production activities. The automotive and construction sectors, which are major consumers of POM, have shown varied performance trends. The construction industry has exhibited only an average activity level, which has supported a...
