Price trend
| Melamine |
Recently, the domestic POM market has declined, and prices have often been adjusted. According to data monitoring by Business Society, as of April 14th, the average factory price of domestic POM was 14225 yuan/ton, with a monthly increase or decrease of -0.35%.
Cause analysis
In terms of raw materials: recently, the price of formaldehyde market in Shandong has fluctuated and dropped. As can be seen from the figure below, the recent market of formaldehyde is mainly declining, and this week’s market continues to decline. The overall price of raw material methanol is showing a downward trend, while formaldehyde manufacturers have a high willingness to maintain inventory and controllable shipments. Downstream delivery sentiment is poor, and the market is fluctuating and declining.
| povidone Iodine |
In terms of supply: Recently, the operating rate of domestic POM enterprises has decreased significantly, with an industry load of about 87%. Some enterprises have seen an increase in inventory and a narrow decline in processing profits.
In terms of demand: In terms of demand, the enthusiasm of terminal enterprises for stocking has weakened, and the release of demand is average, which has limited impact on the promotion of spot prices. At present, the mentality of traders on the market is not strong, with buyers buying up instead of falling, and the orders are light and biased towards a single negotiation. There is often a practice of giving up profits and taking orders.
Future Market Forecast
The POM market fell this week. The high operating rate of domestic polymerization plants has decreased, leading to local inventory pressure. The demand side enterprises just need to replenish less, and some downstream operating rates are low, resulting in few actual transactions. It is expected that the negative market situation may continue in the short term, leading to a continued decline in prices.
| Benzalkonium chloride |