In June, the domestic POM market was negative, with spot prices falling. According to the Commodity Market Analysis System of SunSirs, as of June 30th, the average factory price of domestic POM was 11,100 RMB/ton, a decrease of 14.29% from the price level at the beginning of the month.

According to the analysis system chart of the commodity market of SunSirs, the price of formaldehyde in the Shandong region fell in June. Formaldehyde has been mainly fluctuating and declining in the past three months, and the market has continued to decline this month. The raw material methanol first fell and then rose, and formaldehyde manufacturers started operating normally. However, the demand for downstream panel factories was weak. When methanol fell, formaldehyde followed suit, but when methanol rose, the momentum of formaldehyde rise was weak, and the overall formaldehyde market was at a low level.

The operating rate of domestic POM enterprises remained high in June, and some maintenance enterprises in the early stage resumed work. The current industry load is close to full capacity at 93.53%. The high load situation continues, and the inventory pressure of most enterprises gradually accumulates, leading to a gradual decrease in processing profits.

In June, POM terminal enterprises showed weak stocking enthusiasm, with no improvement in operating rates and negative consumption release, which had limited impact on spot prices. Traders lack confidence. It is expected that as the temperature increases, there will still be expectations of a decrease in downstream load. Buyers will buy up instead of falling, with a wait-and-see mentality and flexible real order transactions.

The POM market fell in June. The operating rate of domestic polymerization plants remains high, and the pattern of abundant supply remains unchanged. Industry inventory pressure is accumulating, and suppliers are unable to support spot goods. On the demand side, downstream enterprises are operating at a low level and have a relatively low demand for replenishment, resulting in low actual transactions. How much profit is currently available on the market? It is expected that the POM market will continue to be weak in early July.

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