In mid November, the domestic POM market stopped falling and rebounded, with spot prices rising in a narrow range. According to the Commodity Market Analysis System of SunSirs, as of November 20th, the mixed price of domestic POM was 12,675 RMB/ton, a decrease of -1.17% from the price level at the beginning of the month.

In mid November, the market price of formaldehyde in Shandong region fell. The price of raw material methanol fluctuates and consolidates within the range, with average cost support. Formaldehyde manufacturers are actively shipping, but the market trading atmosphere is relatively cold and the market is declining, which weakens support for POM.

In mid November, the overall operating rate of domestic POM enterprises decreased compared to the previous period. The average load has decreased from 81% to around 77%. After continuous digestion of market supply, most enterprises' inventory has returned to low levels, and supply pressure is gradually easing. Due to the impact of low prices in the early stage, the current operation of merchants has shifted to being reluctant to sell. The supply side has restored its support for POM spot goods.

In mid November, the operating level of downstream POM enterprises in China was average, with enterprises mainly digesting inventory. On the market trading was weak, and there was no significant increase in POM consumption. After the price stopped falling and rebounded, the operators became more cautious in their follow-up operations, and their resistance towards high priced goods returned. Overall, the demand side's support for spot prices of POM is moderate.

In mid November, the POM market trend stopped falling and rebounded. The operating rate of domestic polymerization plants has been reduced, and the overall supply of goods on site is abundant, and the supply pressure has been partially alleviated. The manufacturer's market operation stabilizes the confidence of traders, and the merchant's shipping operation tends to be reluctant to sell. On the demand side, terminal enterprises operate at a low level, with cautious purchasing operations and resistance to high priced sources, resulting in average on-site trading. The return rate of future maintenance devices is relatively small, and it is expected that the POM market will continue to operate steadily in the near future.

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