Europe POM Q1 prices roll over amid stable fundamentals

05 February 2014 10:51 Source:ICIS News

LONDON (ICIS)--European polyacetal (POM) first-quarter contract prices rolled over from the fourth quarter, amid steady market conditions, sources said late on Tuesday.

Despite the €37/tonne increase in the first-quarter feedstock methanol contract price, steady supply and demand kept POM prices unchanged at €2.20-2.30/kg FD (free delivered) NWE (northwest Europe).

One market source said the published range was reflective of the relative stability of end-user markets.

Market players forecast an improved outlook for 2014 compared to the same period last year, largely due to increased fourth-quarter passenger vehicle sales.

Polyacetal (also known as polyoxymethylene or polyformaldehyde) is an engineering thermoplastic used in precision parts that require high stiffness, low friction and dimensional stability.

By Samuel Smith