Since the beginning of 2023, the price fluctuation of engineering plastics products has been relatively small. According to the data monitored by the Business News Agency, as of January 29, the growth rate of various engineering plastics varieties from high to low compared with the beginning of the month was PA6+3.25%, PC+0.29%, PET+0.14%, PA66 0%, POM 0%.

In January, there were many holidays before and after the New Year's Day and the Spring Festival, and most of the operators were shut down and delisted. The supply and demand of the industry both weakened, and the market momentum declined. At the same time, following the global inflation pattern last year, the profitability of engineering plastics manufacturing enterprises was weakened, and the operating risks of factories at all levels remained. Combined with the sharp decline of international oil prices at the beginning of the year, the common remote cost of the plastic industry has weakened. The benefits of the stock boom were mostly offset by the bad news in all aspects. On the whole, the market momentum of the engineering plastics industry was weak in January, and the price was stable and small.

The domestic POM market is weak and stable this month, and the market is difficult to be optimistic. In terms of supply of goods, the load of POM enterprises decreased from a high level before the holiday, from almost full load to about 87%, but the inventory position of enterprises was low and the supply pressure was acceptable. The manufacturer's ex-works price is stable and there is news of an increase after the holiday. Under its guidance, the traders' mentality is supported to some extent. However, the demand side is weak, and the on-site shipments are mostly negotiated based on actual orders, and the enthusiasm of terminal enterprises to prepare goods is poor. The release of demand for goods preparation before the holiday is slow, the follow-up lag, the resumption of work after the holiday is not complete, and the supply of goods is scarce. In the near future, the POM market is mixed, and it is expected that the future market will continue to be stable.

In January, the engineering plastics market generally adjusted in a narrow range and generally leveled off. At present, the factory is gradually starting up and resuming production during the period of resuming work after the holiday. The polymerization plant has a stock of raw materials waiting to be digested before the year, and it will take time for the market demand to go into a stage downturn. At the same time, the confidence of the economy in the first year of this year is good, the industry expectation is boosted, and the macro level is improved. The prophase public health event policy adjustment, various plastic consumption incentive policies, and the promotion effect of encouraging the oil and chemical industry to improve the chain development will gradually emerge, and the market background of the engineering plastics industry may be a new one in 2023. However, it will take time for the improvement of the macroeconomic environment and policy support to materialize. In the short term, the weak pattern of both supply and demand in the market will continue. It is expected that the engineering plastics market in February will be affected by the lack of trading momentum and maintain the overall market consolidation.

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