Recently, the domestic POM market has run sideways, and the spot price is relatively strong. According to the commodity market analysis system of the business agency, as of May 13, the domestic POM mixed price was 12,700 RMB/ton, unchanged from the price level on May 1.

The domestic methanol market is dominated by a narrow rise. Recently, the fundamental contradiction of methanol is not obvious. The inventory of sample enterprises in the mainland is low, and the pressure of enterprise shipment is not large. In addition, some enterprises export, the market atmosphere is relatively high, and the overall market is dominated by strong operation. Downstream MTBE: after the commencement of Yuhuang, the output will be affected next week, and the demand for MTBE will increase; Downstream chloride: after shutdown and overhaul of mainstream plants in Shandong, the device returned to normal, and the demand for chloride increased; In the short term, the domestic methanol market is weak and mainly consolidated, and the overall support for POM is acceptable.

Supply side: Recently, the operating rate of domestic POM enterprises has been sorted out and put into operation. The overall load is about 77%, with a narrow reduction. Shenhua Ningxia coal has an overhaul plan in the later stage, and the supply is expected to shrink. At the same time, after a week of digestion, the inventory position of the polymerization plant decreased. Coupled with the rising price of imported materials, manufacturers have strong confidence and pricing is generally strong. Generally speaking, the pressure at the supply end is not obvious.

Demand: Domestic POM downstream enterprises are generally stocked, and most of them just need to take goods to maintain production. The main logic for terminal factories to take goods is to maintain digestion inventory, and the flow rate of goods on site is slow. After the holiday, the release of goods preparation was not obvious, the consumption level was still weak in the previous period, and the traders' mentality was flat. Generally speaking, the spot price of POM on the demand side is poorly supported.

The recent POM market trend is strong. The operating rate of domestic polymerization plants was adjusted in a narrow range, and there were still maintenance enterprises in the future, and the pressure on the supply side was relieved. Downstream consumption followed up and remained weak, with POM confronting the long and short. It is expected that the future market will be mainly volatile.

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