SunSirs: The Market of POM Was Stable on October 28
October 29 2019 10:31:30 SunSirs (John)
Price trend
According to the monitoring of SunSirs, on October 28, the average price of polyformaldehyde (96) in Shandong Province was 4783 RMB/ton, which was stable.
Analysis review
Product: Shandong aldehyde Chemical Co., Ltd. has an annual output of 30000 tons of POM. The ex factory quotation of POM (96) is 4650 RMB/ton, with stable quotation. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9000 tons of POM, and the ex factory quotation of POM (96) is 4700 RMB/ton, which is stable. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10000 tons of POM, and the ex factory quotation of POM (96) is 5000 RMB/ton, including tax; the manufacturer's quotation continues to be stable, and the downstream resin and pesticide demand is low.
Industrial chain: The domestic methanol market was a big "diving" in the week of October 21. As of October 25, the average price of methanol in the domestic market was 2100 RMB/ton, down 10.64% in the week. Prices fell 4.89% month on month and 34.38% year on year.
Market outlook
The price of raw material methanol dropped sharply, the market demand for POM was weak, and the POM analysts of SunSirs believe that the price of POM was weak in the future.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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