SunSirs: Supply remained tight ,POM prices rose individually

Price trend

According to the bulk list data of SunSirs, the domestic POM market was basically sideways in early April, and the spot prices of various brands were mainly flat. As of April 8, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 22000 RMB/ton, up or down 0% compared with the average price level at the beginning of the month.

Cause analysis

Industrial chain: upstream, the market price of formaldehyde in Shandong has fallen recently. Due to the impact of domestic public health events, the high-speed in some regions is subject to two-way import and export control. At present, the delivery of formaldehyde products is difficult, the shipment of formaldehyde manufacturers is under pressure, and the market continues to decline.

The upstream formaldehyde Market weakened and POM cost side support weakened. In terms of industry load, the current domestic POM operating rate has limited change, and the overall load is close to 90%. However, the improvement of port arrival is limited, the market supply is still compact, and the supply side benefits the spot price. I heard that the inventory pressure of enterprises and businesses is OK. Due to the partial digestion of low-end supply last week, other enterprises offer and have the intention of adjusting accounts. Downstream demand continues to be weak, buyers are more resistant to high price sources, and their mentality is cautious, but the remote cost is still strong. Stimulated by it, buyers buy at the bottom of the market on a bargain hunting basis. Domestic health incidents continue, affecting logistics and transportation in many regions, affecting some demand, and the purchase operations of other downstream enterprises also tend to be small and just need to maintain production.

Future forecast

Business analysts believe that: in early April, the domestic POM market was sideways sorted out, the upstream formaldehyde Market weakened, and the cost support of POM weakened. The on-site supply is slightly tight, the load of downstream enterprises is general, and there is no large-scale replenishment in procurement. In mid April, the domestic POM has the expectation of increasing supply, and the demand also has the trend of gradually expanding. It is expected that the POM price may be strong in the short term

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.