Price trend
According to the bulk list data of business society, the domestic POM market rose in September, and the spot price was high. As of September 29, the average price offered by POM injection molding sample enterprises of business society was about 19100 yuan / ton, an increase of 4.75% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: in terms of POM upstream formaldehyde, the market of formaldehyde in Shandong was strong and upward in September, and the operation of formaldehyde enterprises did not improve significantly, which continued to be low. At present, the upstream methanol market is high and the price remains high. In the second half of the month, the operating rate of the downstream plate plant continued to be low under the power restriction policy, the demand was general, the market negotiation atmosphere gradually cooled, and the formaldehyde market fluctuated and consolidated.
The trend of upstream formaldehyde is strong, the cost side support of POM is strong, and the high ex factory price of enterprises remains firm. In terms of industrial load, there were many polymerization plants with reduced maintenance burden this month, the operating rate was not high, Shenhua Ningmei stopped for short repair at the end of the month, and the market supply continued to be low. At the same time, there are few goods in the site, which is beneficial to the POM supply end. Tianye Chemical M90 quoted a reference price of about 18400 yuan / ton for negotiation. The ex factory reference price of Yuntianhua M90 is about 19300 yuan / ton, which is subject to firm negotiation. The reference price of Shenhua Ningmei mc90 is about 18800 yuan / ton, and the cash is withdrawn by itself. The reference price of Tianye Chemical is about 19200 yuan / ton. The merchant’s holding volume continued to be low, and the high offer remained stable. However, there is resistance to high price goods in the downstream, especially the weak trading in the latter ten days, and the end-user’s goods taking operation is biased towards just demand.
Future forecast
Business analysts believe that the domestic POM market rose in September and the spot price was high at the end of the month. Upstream formaldehyde prices also strengthened, and POM cost support increased. The on-site supply fell due to the continuous low operating rate of the industry, and there was good at the supply end. However, in terms of demand, the willingness to receive goods is not high. Near the end of the month, the delivery of high-priced goods on the site is not smooth, and the delivery is cold. The market is weak in both supply and demand. It is expected that the POM market may turn into a weak operation in the short term.
| PVA |