Polyoxymethylene (POM) Prices Trend | Pricing | Database | Index | News | Chart
North America
During the first quarter of 2024, the Polyoxymethylene (POM) market in North America remained stable, with a moderate supply. Several factors influenced the market during this period. Firstly, weak demand from the automotive and electronics manufacturing sectors negatively impacted the overall market.
Additionally, the depreciating prices of the feedstock Formaldehyde contributed to the downward price movement of POM. The reduced demand for POM further improved supplier delivery times and maintained downward pressure on purchasing costs. Transactions for POM were moderate, as downstream users showed limited interest in stockpiling and preferred purchasing at lower price levels. The price comparison between the first and second halves of the quarter remained stable.
The average price of Polyoxymethylene Injection Grade CFR Manzanillo in Mexico during the first quarter of 2024 was USD 3333/MT. Overall, stable market conditions in North America during this period were influenced by weak demand, supply chain disruptions, and fluctuating feedstock prices. Mexico experienced some price fluctuations and a seasonal trend in POM prices.
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APAC
During the first quarter of 2024, the Polyoxymethylene (POM) market in the APAC region experienced a decline in demand in South Korea, primarily due to sluggish performance in the automotive and construction sectors. The automotive sector saw a 3.4% decrease in sales in February compared to January, reflecting the overall slump in the industry. The construction industry was significantly impacted by the declining real estate market, leading to a prolonged downturn. Despite these challenges, there were no plant shutdowns recorded for POM in the APAC region during this quarter.
The price of POM in South Korea witnessed fluctuations during the quarter. In March, prices increased by 1.3%, followed by a further 1.5% increase in April. However, in May, there was a decline of 1.3%. These price fluctuations can be attributed to supply disruptions in the Red Sea, the availability of the product in the market, and improvements in demand from downstream sectors. Overall, the POM market in the APAC region, particularly in South Korea, faced challenges in the first quarter of 2024. However, there were no plant shutdowns, indicating stability in supply. The quarter ended with a price of USD 2120/MT of Polyoxymethylene FOB Busan in South Korea.
Europe
Throughout the initial quarter, the European market witnessed a rise in POM costs, primarily fueled by heightened demand from the downstream automotive sector. Despite these positive developments, consumer confidence remained notably subdued, signaling ongoing caution among consumers. Notably, the automotive industry in Europe is experiencing promising growth, particularly in the realm of electric vehicle (EV) batteries, thereby augmenting the demand for POM.
However, the construction sector in European nations has faced prolonged contraction due to tepid consumer orders. Business sentiment within the eurozone's construction sector remains fragile, with firms anticipating a further decline in activity in the coming year. Despite the uptick in POM prices, the industry's reliance on the automotive sector remains pronounced, as evidenced by current market trends. With increased demand in this sector, POM manufacturers have adjusted their pricing strategies accordingly, resulting in a widespread escalation in quotations. The quarter concluded with a Polyoxymethylene (POM) price of USD 4508 per metric ton on a Free on Board (FOB) Hamburg basis.
Get Real Time Prices for Polyoxymethylene (POM): https://www.chemanalyst.com/Pricing-data/polyoxymethylene-1127
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