Free Polyolefin Elastomers price Trend and Forecast New York
- Location: New York, New York, NY
Polyolefin Elastomers Price observed another round of price increases owing to continued volatility in energy feedstock prices, globally. On the demand side, consumption of POE has been stable to firm keeping volume offtakes on the stronger side. Supply chains have strengthened since the beginning of the year, which has eased supply fundamentals after volatile 2021. Feedstock ethylene prices have been stable in the regional market as ample inventory levels continue to stabilize the market. As of March 2022, POE prices were assessed at USD 2894 per MT on FOB basis for Extrusion moulding grade POE. Dow Chemical Company, a key producer in the region, continued to face inflationary pressure from rising upstream costs, which prompted them for increased prices for available POE.
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