Recently, the domestic POM market has remained stable with minor fluctuations, and spot prices have mostly remained stable. According to the Commodity Market Analysis System of SunSirs, as of January 19th, the mixed price of domestic POM was 13,050 RMB/ton, which is the same as the price level at the beginning of the month.

Last week, the price of formaldehyde in the Shandong region rose rapidly, with the increase concentrated in the second half of the week. Boosted by the rise in raw material methanol prices, formaldehyde has risen upstream. But as the Spring Festival approaches, downstream panel factories are taking more vacations, making it difficult to release demand. In addition, it will take time for the positive news to spread to POM, and overall support for POM costs is gradually warming.

Last week, the overall operating rate of domestic POM enterprises continued to rebound. The industry equipment load is approximately 84%. There are relatively few maintenance arrangements in the future, and it is expected that POM production will remain at a high level. Most companies have relatively low inventory levels and a strong willingness to support the market. The supply side still has sufficient support for POM spot goods.

Last week, downstream POM enterprises in China had poor operating levels, with the focus on digesting inventory. On exchange trading was weak, and POM consumption continued to be weak. The operator needs to follow up with a small amount of urgent needs, operates cautiously, and resists high priced sources of goods. There has been no concentrated release of pre holiday stocking operations, and overall, the demand side's support for POM spot prices is weak.

Last week, the POM market remained stagnant. The operating rate of domestic polymerization plants has increased narrowly, and the inventory position of enterprises is low, resulting in moderate pressure on the supply side. Manufacturers have stabilized market confidence through market support operations, but the enthusiasm of downstream buyers is poor, and some merchants are under high shipping pressure. Terminal enterprises are operating at a low level, and the number of enterprises taking holidays before holidays continues to increase. The overall load is decreasing, and purchasing operations are cautious. On exchange trading is weak, and it is expected that the POM market will continue to consolidate at a high level in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.