Recently, the domestic POM market has been reorganized and operated, and the overall price performance has fluctuated. According to the data monitoring of SunSirs, as of December 12, the average ex factory price of domestic POM was 13,933.33 RMB/ton, which was the same as that at the beginning of the month.

In terms of raw materials: the formaldehyde market in Shandong Province is not good recently, the recent decline in formaldehyde market is mainly due to the following. As of December 12, the mainstream market price in Shandong was 1,280-1,380 RMB/ton. Last week, the construction of downstream factories continued to decline, the demand was significantly weakened, the formaldehyde market turnover was light, the inventory was accumulated, and the market was weak and fell.

In terms of supply: Recently, the operating rate of domestic POM enterprises has remained at a high level, and the current industry load is generally higher than before, approaching 95%. Imported materials are also abundant, and the price is lower. In terms of processing profit, the margin of enterprises rose by a narrow margin, with the gross profit level of about 2,500 RMB/ton, which is fairly good.

Demand: the load of POM industry rose last week, and the market supply was abundant. The mentality of manufacturers and traders is supported by the firm factory price, but the recent demand is weak, and there is much room for profit in the on-site shipment negotiation. The enthusiasm of terminal enterprises to prepare goods is average, and the demand follow-up is slightly lagging behind.

In the first ten days of December, the POM market was in a stalemate. The load of domestic polymerization plants is almost full, and the overall supply is abundant. The factory price of domestic materials is deadlocked, the pressure on inventory is fair, and the demand is relatively weak. Downstream enterprises mainly digest inventory, and pick up goods mostly in small pieces. The market supply and demand game is expected to turn POM market into weak operation due to weak demand in China in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.