Price trend

According to the bulk list data of the business club, the domestic POM market has been sideways sorted out recently, and the spot prices of some brands have been reduced by a narrow margin. As of June 16, the ex factory price reference offer of POM injection molding sample enterprises of business club was about 21400 yuan / ton, up or down +0.47% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in terms of upstream formaldehyde, the formaldehyde Market in Shandong rose this week. At present, the downstream demand is at a low level, maintaining just needed procurement, and the market transaction is light. Raw methanol rose first and then fell in the week, and the cost side support for formaldehyde was weakened. It is expected that the price of formaldehyde will be mainly adjusted and operated in the near future.

The upstream formaldehyde market rose slightly, and the cost side support of POM has not been greatly affected for the time being. In terms of industry load, POM enterprises currently have both recent maintenance plans and resumption of production, and the on-site supply is expected to decrease next week. The operating rate of terminal enterprises has entered the off-season mode. Generally, due to profit or order problems, the operating rate has gradually narrowed. The purchasing operation is cautious and mainly takes small orders. However, the operation biased towards bargain hunting has reduced the low-end offer in the market and lifted the spot price. The on-site inventory is OK, but the consumption is slow. The mentality of the merchants is general, and the offer is mainly horizontal.

Aftermarket forecast

Analysts of the business agency believe that: this week, the domestic POM market was sideways, the upstream formaldehyde market rose slightly, and the POM cost support was acceptable. The load of POM industry fluctuates in a narrow range, and the pressure at the supply end is expected to decrease. The consumption of downstream enterprises is weak, and there is no large-scale replenishment in procurement. It is expected that in the short term, POM prices may be dominated by stalemate.