Price trend

Recently, the domestic POM market was shaken and sorted out, with overall price changes being narrow. According to data monitoring by SunSirs, as of March 17, the average ex-factory price of domestic POM was 14,300 RMB/ton, a decrease of 0.23% compared to the beginning of the month.

Analysis review

In terms of raw materials: Recently, the market price of formaldehyde in Shandong had fluctuated and consolidated. From the above figure, it can be seen that the recent market of formaldehyde had mainly fluctuated slightly, and this week's market had not fluctuated much. The price of raw material methanol was consolidated, cost support was general and market trading sentiment was weak. Downstream plate factories had weak demand, while formaldehyde manufacturers ha stabilized shipments, and the market was volatile and consolidated.

On the supply side: Recently, the operating rate of domestic POM enterprises had been reduced in a narrow range from a high level, and the industry load decreased by about 3%. As of the 17th, it was about 91%. The inventory situation of the enterprise was no pressure, the inventory position was not high, and the processing profit was stable and increased.

Demand: In terms of demand, the enthusiasm of terminal enterprises to stock goods weakened, and the demand release situation was general, the impact on the promotion of spot prices was limited. The mentality of traders on the floor turned weaker, and orders were negotiated separately, and there was an operation of giving up profits for sales.

Market outlook

This week, the POM market was weak and volatile. The operating rate of domestic polymerization plants was high, and the inventory pressure was acceptable. At the same time, the price of imported materials was low, and domestic materials continued to be under pressure. On the demand side, enterprises were just in needed, and replenishment was relatively small. Part of the downstream operation rate was low, and the actual transaction volume was weak. It is expected that the POM market may decline in the short term.

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