In early July, the domestic POM market was positive, with spot prices rising. According to the Commodity Market Analysis System of SunSirs, as of July 7th, the average factory price of domestic POM was 11,475 RMB/ton, a decrease of+3.38% compared to the price level at the beginning of the month.

In early July, the formaldehyde market prices in Shandong region were sorted and put into operation. The main focus is on the sorting of raw material methanol, and the expected increase in market supply and inventory. Downstream sheet metal factories have poor operating rates due to high temperatures, causing a tug of war between supply and demand. It is expected that formaldehyde prices will mainly fluctuate and adjust in the near future.

The operating rate of domestic POM enterprises remained high in early July, and some maintenance enterprises in the early stage resumed work. Currently, the industry's load is about 94% close to full capacity. The high load situation continues, but after initial destocking, the inventory pressure of most enterprises gradually decreases and the supply of goods becomes tight.

At present, the POM supply on site has decreased, and the enthusiasm of terminal enterprises for stocking has increased. However, the impact of limited electricity and other factors on downstream enterprises' operating rates has not improved, and the consumption release situation is average, with limited impact on spot prices. Traders have decent confidence.

The POM market rose last week. The operating rate of domestic polymerization plants remains high, and the supply of goods on site is beginning to be tight. Industry inventory pressure has eased, and supplier support for spot goods is still acceptable. On the demand side, downstream enterprises have started construction on a low level and the order situation is average. There is currently some speculative sentiment on the market, and it is expected that the POM market may rise in the short term due to a decrease in supply.

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