The South Korean Polyolefin Elastomers (POE) market has seen a drop due to weak demand. Prices for POEs dropped due to a lack of demand from both domestic and international customers. While some auto manufacturers maintained their regular levels of POE purchasing from suppliers to manufacture trim and exterior parts, new car sales in December **** totalled ***,*** cars (-*.** compared to the previous month), causing auto manufacturers to take a conservative approach with respect to their level of purchases.
Demand for construction-related products was also subdued with the Korea Federation of Industries reported a Building Supply Index (BSI) of **.* for January **** indicating that contractors still have a negative outlook. Due to low activity levels in both steel and steel related industries, the number of new construction projects has decreased; this decrease in the number of new construction projects has translated to lower levels...
Leave a Comment
Comments (0)