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SunSirs: Market is Weak, China POM Market is Stalemate and Sorted Out
January 10 2023 14:08:10SunSirs(Selena)

At the beginning of November, the domestic POM market was in a stalemate, and the overall performance of prices was stable. According to the data monitoring of SunSirs, as of January 6, the average ex-factory price of domestic POM was 13,933.33 RMB/ton, which was the same as that at the beginning of the month.

In terms of raw materials: the market price of formaldehyde in Shandong Province fluctuated and consolidated at the beginning of January. It can be seen from the figure below that the recent market price of formaldehyde is mainly lower. As the Spring Festival approaches, downstream demand has weakened significantly, and some formaldehyde manufacturers have had holidays ahead of schedule, and the formaldehyde market is weak and consolidated.

Supply: In early January, the operating rate of domestic POM enterprises decreased from a high level, and the industry load was around 97%. The inventory situation of the enterprise is OK, and the inventory position is relatively low, but the gross profit level per ton of processing profit fell to about 2600 RMB.

Demand: the POM industry load is still high in the near future, and the market supply is abundant. The manufacturer's ex-works price is firm, and under its guidance, the traders' mentality is supported to some extent, but the demand is general, and the on-site shipments are mostly negotiated based on actual orders. Terminal enterprises have a general enthusiasm for stock preparation, and the release of demand for stock preparation before the holiday is slow, with a slight lag in follow-up.

At the beginning of January, the POM market remained stagnant. The load of domestic polymerization plants is high, and the overall supply is abundant. The ex-factory price of domestic materials is stagnant, the pressure on inventory is moderate, and the demand is relatively weak. Downstream enterprises mainly digest the inventory, and most of the goods are scattered orders. The momentum in the market is gradually reduced, and the industry has many holiday and delisting arrangements. It is expected that China POM market will turn into weak operation due to weak demand in the short term.

 

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

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