Price trend

According to the bulk list data of business society, the domestic POM market strengthened in early January, and the spot price rose. As of January 13, the average offer price of POM injection molding sample enterprises of business society was about 20800 yuan / ton, with an increase or decrease of + 0.65% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the recent formaldehyde market has fallen weakly. The raw material methanol market rose in a narrow range, as the inventory of upstream enterprises decreased after new year’s day, the market atmosphere improved, and the mentality of people in the industry was supported. However, due to the impact of environmental protection control, the operating rate of downstream plate plants has decreased, the demand is poor, and it is difficult for formaldehyde manufacturers to ship. It is expected that the price of formaldehyde in Shandong will mainly fall in the near future.

The upstream formaldehyde continues to be weak, and the cost side support of POM is general. In terms of industry load, the operating rate of domestic POM enterprises decreased slightly at the beginning of the month. Although Yuntianhua maintenance is about to start, the market supply is still tight, and it is reported that some enterprises still have the intention to reduce the negative. There is no inventory pressure for enterprises. In the case of insufficient imports in the domestic market, the tight supply pattern continues. Due to the continuation of the strong support from the supply side, the offer of merchants is generally high. The market price of 24000 yuan / ton is common and higher. The seller’s operation tends to be firm and reluctant to sell. The spot price is high, the wait-and-see atmosphere in the downstream is strong, the situation of buyers chasing up is poor, and the on-site trading is relatively light. The ex factory reference price of shenhuaning coal mc90 is about 20500 yuan / ton, and the cash is withdrawn by itself. Tianye Chemical and Yuntianhua sealed the plate.

Future forecast

Business analysts believe that: in early January, the domestic POM market continued to rise, the upstream formaldehyde market was weak, and the cost support of POM was general. The on-site supply continues to be tight due to the insufficient equipment maintenance and import of domestic enterprises, and the reluctant selling operation of merchants increases. At present, the downstream is more resistant to the high price supply. In addition, there are terminal enterprises entering the holiday one after another, and there are few transactions on the floor. It is expected that the spot price of POM may continue to rise.