POM supply in October was short in Europe as buyers struggled to meet the strong demand because of logistic issues and low imports. The shortage allowed producers to pass on the big cost increases of up to €500/mt in Q4. The POM demand has gained during the pandemic and continues to do so in sectors such as construction, furniture, consumer goods, and appliances. And there is little to indicate that the strong demand will abate any time soon or indeed that supply will improve. The ongoing issues with logistics and high transport costs resulted in lower imports, a major factor that is keeping POM supply short in Europe. Many buyers are having tremendous difficulties securing volumes and have had to rely on traders and distributors and pay very high prices. Asian imports play a major role in the European supply picture. But the ongoing turmoil has heavily reduced volumes from the region. The end of the year should close on a positive note for sellers. Most likely current market conditions will persist at least until the end of Q1. The POM market has continued to feel the pressure from logistics, high costs, good demand, and low imports.
The GC Intelligence™ Polyoxymethylene (POM) Market Prices, Forecasts, and Analysis report is published every month. The report contains market analysis, prices and forecasts of several grades, namely Basic Resin, Trademark and Homopolymer POM.
- Copolymer Trademark
- Copolymer Basic Resin