Price trend

According to the bulk list data of business society, the domestic POM market is weak and stable this week, and the spot prices of various brands are mainly sideways. As of March 30, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 22000 yuan / ton, up or down – 0.90% compared with the average price level at the beginning of the month.

Cause analysis

Industrial chain: upstream, the domestic formaldehyde Market in March fluctuated under the support of poor demand and strong cost, with an overall increase compared with the price level at the beginning of the month. At the beginning of the month, methanol, the raw material, was followed up, and then the focus shifted downward due to insufficient operation of downstream plate plants and weak market demand. In the second half of the month, the price of formaldehyde in Shandong is expected to rise slightly.

There is an upstream formaldehyde market, and the cost side support of POM is acceptable. In terms of industry load, the current domestic POM operating rate has limited changes and is still at a high level, and the overall load is still more than 85%. Due to the limited improvement of the arrival at the port, the market supply was still slightly compact in March, and the positive impact on the supply side was still on. However, it is unfavorable for enterprises and businesses to go to the warehouse this month. Although the enterprise’s offer is relatively stable, the business confidence is weakened and the profit order is released at the end of the month to complete the task. Downstream demand continues to be weak, buyers are more resistant to high-priced sources of goods, and are cautious about buying up rather than buying down. Superimposed on the rebound in the number of confirmed domestic health events this month, it affects logistics and transportation in many regions and further reduces demand. There is a strong wait-and-see atmosphere in the field, and the purchase operation is biased towards small orders, which just needs to maintain production.

Future forecast

Business analysts believe that: in March, the domestic POM market fluctuated in a narrow range, the finishing operation, the upstream formaldehyde market has a piece, and the cost support of POM is OK. The on-site supply is slightly tight, the load of downstream enterprises is OK, and there is no large-scale replenishment in procurement. The on-site trading situation is light, the shipment resistance of high-priced goods is large, and the merchants cut prices and take orders. The lack of demand drags the market, the supply side bottoms the spot offer, and the market is tangled. It is expected that the POM price may continue to be weak in the short term.