Price trend

According to the data of the bulk list of the business community, this week’s POM market was weak, and the spot prices of various brands were adjusted at a low level. As of September 2, the ex factory price reference offer of POM injection grade sample enterprises of business club was about 16100 yuan / ton, up or down 0% compared with the average price at the beginning of the week.

Cause analysis

Industrial chain: in terms of upstream formaldehyde, the market price of formaldehyde in Shandong has risen recently. The reason is that the domestic cost support has improved, the downstream plate factories have maintained the just needed procurement, the formaldehyde manufacturers have led to increase the price, and the formaldehyde market has gone up. It is expected that the price of formaldehyde in Shandong will be dominated by strong operation in the near future.

The upstream formaldehyde market rose widely, and the support of POM cost end was strengthened. In terms of industry load, the load of domestic POM enterprises is relatively high recently, the overall operating rate of the industry is stable at about 80%, the supply of goods is abundant, the inventory is high, the competition in the field is strong, and the manufacturers and midstream are inclined to reduce prices for shipment. The operating rate of end enterprises is generally restricted by profits or orders, and the operating rate is narrow, and the lag of POM consumption continues. Recently, power and production restrictions in some regions have ended, and it is reported that Yuntianhua POM devices have maintenance plans, but it will take some time for the benefits to come to fruition, and the main support point of the current spot price is still the cost. Terminal enterprises are cautious in their purchasing operations, focusing on small orders. They are resistant to high-priced sources of goods, and the industry has a heavy wait-and-see mood. There is a contradiction between supply and demand in the market, and the manufacturers follow the decline in the offer.

Future forecast

Business analysts believe that the domestic POM market is weak this week, the upstream formaldehyde market is rising, and the support of POM cost is OK. The load of POM industry is high, and the support of the supply side is poor. Downstream enterprises are slow to digest the supply of goods, and there is no large-scale replenishment in procurement. Under the situation of contradiction between supply and demand, POM prices are expected to continue to fall in the short term.