Price trend

In February, the domestic POM market was positive and the overall price performance rose. According to the data monitoring of the Business News Agency, as of February 28, the average ex-factory price of domestic POM was 14333.33 yuan/ton, and the price level was+2.38% higher than the beginning of the month.

Cause analysis

In terms of raw materials: the formaldehyde market in Shandong Province rose in February, and the cost support was acceptable. The downstream remained just in need of purchase, and the formaldehyde manufacturers shipped smoothly. It is expected that the price of formaldehyde in Shandong Province will rise slightly in the short term.

Supply: In February, the operating rate of domestic POM enterprises continued to be high and firm, with the industry load of about 95%. The inventory situation of the enterprise is stable, the inventory position is low, and the processing profit has recovered.

Demand: In terms of demand, there was an atmosphere of speculation in February due to the tight supply. In addition to the promotion of the resumption of work and stock preparation of terminal enterprises after the holiday, the demand was gradually released within the month, which had a driving effect on the spot price.

Aftermarket forecast

The POM market continued to rise in February. The domestic polymerization plant has a high operating rate, low inventory pressure, a tight supply of goods on the site, and an increase in the factory price of domestic materials. The demand-side enterprises purchase on demand, and some customers have upward-seeking operations, and the actual transaction has slowed down recently. It is expected that the market will be stable in the short term.