04 June 2013 17:28 [Source: ICIS news]
LONDON (ICIS)--European polyacetal (POM) demand in June 2013 is forecast to be around 10% below June 2012 levels, according to market estimates on Tuesday.
The low consumption is the result of poor macroeconomic conditions, which have limited consumer purchasing power.
“POM [consumption in June 2013] is bad; it's about 10% down [year on year]. It's the economy in Europe, especially automotive... [We] don't expect any relief in [the] next three months; [we] don't see [a] drop in material, but no increase. It's never been as boring as it is at the moment. Very hand-to-mouth,” a POM buyer said.
Nevertheless, demand in June is expected to be flat with May, and has outperformed some expectations.
One producer said that June order volumes are 2-3% above 2012 volumes for the same month, although it could not give a reason for this.
“[We’re] running [at a] surprisingly good level, despite what you read in newspapers... [Consumption in June is] slightly above last year, 1-2%,” the producer said.
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