Price trend

According to the data of the business club’s block list, the domestic POM market was active in May, with the spot prices of various brands rising at a high level. As of June 1, 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

In terms of POM upstream formaldehyde, the raw material methanol market mainly rose in early May, and the formaldehyde Market in Shandong was stronger due to the support of the cost side. In the middle of the month, methanol mainly fell in shock, market turnover turned light, negotiation atmosphere was cautious, and support for formaldehyde weakened. By the end of the month, the game was deadlocked and mostly on the sidelines. Formaldehyde spot price fell with methanol. At present, the construction of the downstream plate yard is relatively stable, the demand for formaldehyde is fair, and the purchase just needs to be maintained. The atmosphere of the formaldehyde trading market is good, the goods go smoothly, and the inventory pressure of the enterprise is not big. Therefore, the formaldehyde analysts of the chemical branch of the business society expect that the price of formaldehyde in Shandong will rise slightly in the near future.

Upstream prices fell after rising in May, and POM cost side support weakened. Domestic POM spot price range is still high, Tianye Chemical M90 reference price is about 15700 yuan / ton, real single 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 beginning of May, there were considerable increases. However, the stalemate in the last ten days of the year has caused the spread of air atmosphere in the market. In addition, it is in the off-season of the industry, so the consumption of downstream factories is difficult to increase. The market price in East China has been affected by the atmosphere of short space in the market. Traders are reluctant to sell, but most of the domestic market is stable. On the supply side, the performance of short-term market supply continued to be compact. Although the unit maintenance work was completed recently, the recovery of industry operation rate was limited, and there was still supply side support in the market.

Future forecast

Analysts of business news agency think: the trend of domestic POM market is still strong in May. Formaldehyde and methanol in the upper reaches fell in the second half of the month, and the cost support of POM was weakened. The tight market supply pattern still exists, and the supply side is good for the market. Under the pressure of high cost, the profits of downstream enterprises are compressed, which contradicts the high price supply. At the same time, there is a lack of demand in off-season, and the orders are generally small. Business from reluctant to sell to active shipping, supply and demand game market continued. It is expected that the POM market will continue to adjust in a narrow range in the near future.