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MalaysiaIn Q1 2025, the Polyolefin Elastomer (POE) market saw a slight decline, with Octene-based POE priced at around USD 2,065/MT and Butene-based POE at approximately USD 1,895/MT, reflecting a 1.5–1.9% decrease from the previous quarter. The decrease was primarily driven by softer demand from key sectors, including automotive, footwear, and packaging, as end-user markets continued to adjust to economic uncertainties. In addition, the feedstock market showed some softness, particularly for ethylene and alpha-olefins, as upstream supply improved and input costs eased slightly. This, coupled with higher inventory levels, put downward pressure on POE prices. Suppliers adjusted their offers to align with the overall market sentiment, while regional exports faced challenges in securing consistent demand.
In Q4 2024, the Asian Polyolefin Elastomer (POE) market experienced a sharp decline, with prices for Octene-based POE averaging around USD 2,100/MT and Butene-based POE at approximately USD 1,930/MT, both on an FOB Busan basis reflecting a notable 14–15% decrease from the previous quarter. The downturn was driven by weakening demand from end-use sectors such as automotive, footwear, and flexible packaging, compounded by high inventory levels across the region. Adding to the bearish sentiment was the decline in key feedstock prices, particularly ethylene and alpha olefins (butene and octene), which softened amid reduced upstream buying interest and improved supply fundamentals. This cost-side pressure enabled producers to lower offers in a bid to stimulate demand. Regional suppliers, especially in South Korea, faced slower export activity and increased competition.
In Q3 2024, the global POE market showed signs of recovery, with prices rising to around USD 2940/MT and USD 2735/MT FOB Houston for Octene Based and Butene Based respectively by 0.7-0.1% increase. This upward trend was driven by increasing demand from key end-use sectors such as automotive, construction, and consumer goods. The growing use of POE in lightweight automotive parts and sustainable packaging, combined with a stronger raw material market especially for Ethylene supported supply growth. Strong demand across industries and improved raw material availability contributed to a positive market outlook.
In Q2 2024, POE prices in North America dropped by 0.6-0.8% due to supplier destocking, abundant supply, and reduced capacity utilization stemming from logistical challenges and cost-cutting measures. The POE prices reached around USD 2920/MT and USD 2705/MT for Octene Based and Butene Based respectively in FOB Houston. Although the automotive sector experienced some growth, offering slight support, overall market sentiment remained negative. The ongoing supply-demand imbalance and strategic inventory management continued to exert downward pressure on prices. Europe followed a similar pattern, with price fluctuations largely influenced by changes in raw material costs.
In Q1 2024, Polyolefin Elastomer (POE) prices in the U.S. increased by 1.5-2%, driven by growing demand from the construction sector and industrial activities, having prices around USD 2950/MT and USD 2720/MT for Octene Based and Butene Based respectively in FOB Houston. This rise was further propelled by higher feedstock costs, primarily due to surging prices of raw materials such as Ethylene along with elevated Crude Oil prices affecting monomer production. Despite a decline in vehicle sales in January, strong international demand contributed to the price hike. However, factors like disrupted trade routes and reduced export profit margins limited the overall price growth for traders and manufacturers.
In Q1 2025, the Indian Polyolefin Elastomer (POE) market witnessed a noticeable decline, with Octene-based POE priced at around USD 2,350/MT and Butene-based POE at approximately USD 2,150/MT, reflecting a decrease of 3.5–9.3% compared to the previous quarter. The price drop was driven by weaker demand from key end-user industries, including automotive, footwear, and packaging, as economic uncertainties persisted, and consumption slowed. Additionally, imported material from South Korea and Thailand saw some price adjustments due to softening in the feedstock market, particularly for Ethylene. Increased regional supply and slower demand growth led to higher inventory levels, which further pressured prices downward.
In Q4 2024, the Indian Polyolefin Elastomer (POE) market saw a significant decline, with Octene-based POE priced at around USD 2,590/MT and Butene-based POE at approximately USD 2,230/MT, reflecting a sharp decrease of 13.7–19% from the previous quarter. This downturn was primarily driven by weakening demand from key sectors like automotive, footwear, and packaging, as end-users adjusted to slower market conditions and reduced consumption. Additionally, the imported material from South Korea and Thailand faced price adjustments due to falling feedstock costs for Ethylene, alongside excess inventory and growing regional supply. As buyers adopted a more cautious approach, with reduced procurement volumes, the Indian POE market experienced significant downward pressure. Overall, Q4 2024 reflected a period of price corrections and subdued demand, with a bearish market sentiment impacting both Octene and Butene-based POE products.
In Q3 2024, the Indian Polyolefin Elastomer (POE) market saw a mild decline, with Octene-based POE priced around USD 3,000/MT and Butene-based POE at approximately USD 2,750/MT, reflecting a decrease of 0.9–2.2% from the previous quarter. The slight downward trend was mainly driven by a moderate slowdown in demand from industries such as automotive, footwear, and packaging, as the market adjusted to seasonal fluctuations. Additionally, the imported material from South Korea and Thailand faced pressure due to mild easing in feedstock costs for Ethylene, along with an increase in regional supply. This combination of factors led to cautious procurement from Indian buyers, resulting in price corrections. Despite these challenges, the market remained relatively stable overall, with steady availability and consistent import flows from key producers.
In Q2 2024, the Indian Polyolefin Elastomer (POE) market experienced a decline, with Octene-based POE priced around USD 3,030/MT and Butene-based POE at approximately USD 2,820/MT, reflecting a decrease of 4.2–4.6% from the previous quarter. The price drop was influenced by a reduction in overall market activity as end-user industries cautiously adjusted to changing market conditions. Additionally, imported material from South Korea and Thailand faced downward pressure due to shifting demand patterns, particularly in the packaging and construction sectors. Tightened credit conditions and cost optimization strategies among buyers further dampened purchasing activity. While supply remained steady, there was a noticeable shift in buying behaviour, with customers opting for more competitive alternatives.
In Q1 2024, the Indian Polyolefin Elastomer (POE) market showed a mixed trend, with Octene-based POE prices rising by 0.38%, reaching USD 3,165/MT, while Butene-based POE saw a slight decrease of 0.3%, priced at USD 2,950/MT. The increase in Octene-based POE was largely driven by steady demand in automotive and premium packaging sectors, as well as a slight tightening in supply. On the other hand, Butene-based POE experienced a minor dip due to reduced demand in local Indian market, alongside an uptick in regional supply from South Korea and Thailand. While Indian buyers maintained cautious procurement levels, competition among suppliers helped keep prices relatively stable.
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Polyolefin Elastomer (POE) is a flexible and durable synthetic elastomer made from ethylene and propylene. It is widely used in industries such as automotive, construction, consumer goods, and packaging for its lightweight and impact-resistant properties.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification (Butene Grade) | Specification (Octene Grade) |
| Density | 0.862 – 0.885 g/cm3 | 0.857 – 0.885 g/cm3 |
| Melt Index (190⁰C/ 2.16 kg) | 2.5-5 g/10 min | 1-5 g/10 min |
| Mooney Viscosity ML 1+4@121⁰C | 3.6-8 MU | 2-9 MU |
| Glass Transition Temperature, Tg | -50⁰C to -60⁰C | -52⁰C to 58⁰C |
| Tear Strength | 19-25 kN/m | 30-38 kN/m |
| Tensile Strength at break | 1.79 – 2.4 MPa | 5 – 9.3 MPa |
| Melting Temperature | 35-40 ⁰C | 50-68⁰C |
Applications
Polyolefin Elastomers (POE) are versatile materials widely used in various industries due to their flexibility, durability, and resistance to extreme temperatures and chemicals. Key applications include automotive parts such as seals, gaskets, and weatherstripping, flexible packaging for consumer goods, footwear, and medical devices like tubing. POE are also utilized in wire and cable insulation, adhesives, and impact modifiers for plastics, enhancing strength and flexibility in products. Their adaptability makes them ideal for lightweight, durable, and sustainable product designs across multiple sectors.
Several factors influence the pricing of Polyolefin Elastomer (POE), including the cost of raw materials such as ethylene and propylene, which are derived from petrochemical processes. Fluctuations in crude oil prices, global supply-demand dynamics, production capacity, and transportation costs also impact POE prices. Additionally, geopolitical events, production disruptions, and the demand from end-use industries such as automotive, packaging, and consumer goods significantly affect the market.
Raw material price fluctuations, particularly in ethylene and propylene, have a direct impact on POE pricing. Since these materials are linked to crude oil prices, any changes in oil markets can result in higher or lower costs for POE production. When the prices of ethylene or propylene rise due to shortages or increased demand, POE prices tend to follow. Similarly, when raw material prices drop, POE pricing may also decrease, depending on overall market conditions.
Recent trends indicate that POE pricing has experienced volatility due to fluctuations in raw material costs and global supply chain disruptions. Procurement heads can optimize purchasing strategies by closely monitoring market trends, securing long-term contracts during periods of price stability, and diversifying suppliers to reduce the risk of supply disruptions. Staying informed about global demand trends and geopolitical factors is crucial for making well-timed purchasing decisions and achieving cost-efficiency in procurement.
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