Demand in April remained strong in Europe even if some markets were under pressure. An overall shortage of supply was also supporting demand. In addition, the ongoing logistic issues have led to a decrease in imports, and this has tightened the market, fuelling demand for domestic product.
The healthy demand in a tight market allowed producers to implement price increases that also reflect the surge in utility costs. At the same time, there are some industries which are still suffering from supply chain disruptions reducing production rates.
The war in Ukraine added more strain on supply chains, forcing some producers downstream to lower production and ultimately decrease demand.
Nonetheless, a tighter overall market plus some sectors such as construction and industrial still showing good activity are supporting overall demand. There was also some seasonal increase in demand, such as the construction industry and DIY.
With the conflict in Europe showing little sings of improving, most markets will remain heavily disrupted, with inflationary pressures threatening to slow down demand.
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