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SunSirs: General Demand, China POM Market Fuctuates in a Narrow Range in October
November 02 2022 09:51:48SunSirs(Selena)

According to the data of SunSirs, the market of POM in October fluctuated in a narrow range, and the spot prices of various brands rose and fell in tandem. As of October 31, the ex factory price reference offer of POM injection molding sample enterprises of the business community was about 13,800 RMB/ ton, up or down by +0.98% compared with the average price at the beginning of the month.

Industrial chain: In terms of upstream formaldehyde, Shandong formaldehyde market rose first and then fell in October, and the increase was greater than the decrease. The downstream plate factory maintains just in need procurement and the inventory is controllable. Coal price supports methanol production cost. The atmosphere of the domestic methanol market is good. The quotation in some regions is adjusted in a narrow range, but the adjustment is not large. The mainstream transaction is stable, and the formaldehyde market changes with the cost.

After the upstream formaldehyde market rose, the POM cost end support was acceptable. In terms of industry load, the current domestic POM industry enterprises maintain full load on the whole. In the second half of the month, foreign investment and joint venture enterprises have carried out partial maintenance. In terms of supply, there is abundant supply and strong competition on the market. In October, many petrochemical plants raised the factory price of POM, but the supplier's positive effect was not good. After the price rise, the market acceptance was poor, causing a certain decline. The operating rate of terminal enterprises is generally restricted by profit and other factors, and the location is general. In terms of purchasing, the wait-and-see mood is heavy, and the supply of high priced goods is relatively opposed. At the same time, there is an early stock of goods, and the overall demand is weak. The merchants and the downstream responded that the actual orders were mainly small orders. It is difficult for high price goods to be shipped. The merchants talk about it alone, and the buyers have a heavy wait-and-see mentality.

In October, the POM market fluctuated. After the upstream formaldehyde market rose, it gave back, and generally rose. The POM cost support was average. The load of POM industry is high, and there is pressure on the supply side. The demand follow-up of downstream enterprises has not improved, and downstream enterprises mainly digest inventory and purchase scattered small orders. At present, the supply in some areas of the market may be tight due to shipping and other problems. With the early supplier price adjustment, it is expected that China POM price will still be strong in the short term.

 

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