Price trend

In February, the domestic POM market was positive and the overall price performance rose. According to the data monitoring of SunSirs, as of February 28, the average ex-factory price of domestic POM was 14,333.33 RMB/ton, and the price level was 2.38% higher than that of at the beginning of the month.

Analysis review

In terms of raw materials: the formaldehyde market in Shandong Province rose in February, and the cost support was acceptable. The downstream remained just in need of purchase, and the formaldehyde manufacturers shipped smoothly. It is expected that the price of formaldehyde in Shandong Province will rise slightly in the short term.

Supply: In February, the operating rate of domestic POM enterprises continued to be high and firm, with the industry load of about 95%. The enterprise's inventory was not under pressure, the inventory position was low, and the processing profit had recovered.

Demand: In terms of demand, there was an atmosphere of speculation in February due to the tight supply, and with the promotion of the resumption of work and stock preparation of terminal enterprises after the Spring Festival, the demand was gradually released within the month, which had a driving effect on the spot price.

Market outlook

The POM market continued to rise in February. Domestic polymerization plants had a high operating rate and low inventory pressure. The supply of goods on the site was tighter, and the ex-factory price of domestic materials was increased. The demand-side enterprises purchased on demand, and some customers have up-buying operations. The actual transaction had slowed down recently. It is expected that the POM market may be mainly stable in the short term.

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