Price trend
According to the data of business club’s block list, the domestic POM market was active in the third week of May, with the spot prices of various brands rising at a high level. As of May 21, the average offer price of the POM injection molding sample enterprises in the business community was about 15900 yuan / ton, up 5.76% compared with the average price at the beginning of the month.
Cause analysis
POM upstream formaldehyde, the recent domestic formaldehyde market is weak, Shandong formaldehyde market fell. The atmosphere of floor trading is relatively cold, the transaction situation is general, and the spot price shows a slight downward trend. The price of raw material methanol mainly fluctuated and fell, while the support for formaldehyde cost side weakened. The raw material market of the downstream sheet yard continues to be at a high level. Due to the increase of various costs, the start-up of the sheet yard is gradually tightening, and the demand for formaldehyde is limited. Business community formaldehyde analysts expect that the recent Shandong formaldehyde prices or below the main drop.
After the upstream price rose, it fell back, and the support of POM cost side was weakened. At present, the domestic POM spot price range is still at a high level. The reference price of Tianye Chemical M90 is about 15700 yuan / ton, which is for negotiation. Yuntianhua M90 ex factory reference price quoted 16900 yuan / ton, firm offer negotiation. The POM unit of Shenhua Ningshan coal works normally. The reference price of mc90 is about 15100 yuan / ton, with cash withdrawal. Compared with the previous period, there were considerable increases. On the supply side, the performance of short-term market supply continued the compact pattern. Recently, Gung mine completed the equipment maintenance work, but the recovery of industry operation rate was limited. The supply contraction brought by last month’s enterprise burden reduction is still affecting the market. On the floor, the traders are reluctant to sell, and they are willing to offer high prices. In addition, the previous rise in formaldehyde, domestic POM by multiple positive blessing and high. The downstream follow-up situation is relatively slow, and the terminal factory’s stock operation tends to just need to replenish the warehouse and take as needed. With the cooling of trading, POM began to stagnate in the second half of the week.
Future forecast
Analysts from business news agency said: in the third week of May, the trend of domestic POM market was sideways after rising. The upstream formaldehyde and methanol have dropped, the cost support of POM has been weakened, the tight supply pattern has not been improved, and the supply side is good for the market. Under the pressure of high cost, the profit of downstream enterprises is compressed, which conflicts with the high price of goods, and the orders are generally small. The high level of spot affected the consumption of POM, which entered the supply and demand game market and leveled in the second half of the week. POM market is expected to continue to run in a narrow range in the near future.
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