Price trend

According to the data of the block list of business cooperatives, the POM market fluctuated in the middle of October, and the spot prices of various brands rose and fell in an arc. As of October 22, the ex factory price reference offer of POM injection molding sample enterprises of the business community was about 13700 yuan/ton, up or down+0.24% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain.

Upstream formaldehyde market fell, and POM cost end support weakened. In terms of industry load, the overall load of domestic POM industry enterprises remains high, and the supply of goods is abundant. Next week, individual enterprises have maintenance plans, and the supply of goods is expected to be tightened. There is strong competition on the market. After some petrochemical plants raised their ex factory prices this week, the market acceptance was poor, causing a certain decline. The operating rate of terminal enterprises is generally restricted by profit and other factors, and the location is general. In terms of purchasing, the wait-and-see mood is heavy, and the supply of high priced goods is relatively opposed. At the same time, there is an early stock of goods, and the overall demand is weak. This week’s in market trading is dominated by small orders. It is difficult for high price goods to be shipped. The merchants talk about it alone, and the buyers have a heavy wait-and-see mentality.

Future market forecast

Analysts from the business community believe that: this week, the POM market fluctuated, the upstream formaldehyde market fell, and the POM cost support weakened. The load of POM industry is high, and there is pressure on the supply side. The demand follow-up of downstream enterprises has not improved, and downstream enterprises mainly digest inventory and purchase scattered small orders. According to the news, there is still a plan to increase the ex factory price of petrochemical plants. With the load of an enterprise decreasing next week, it is expected that the decline of POM price may be limited in the short term.