In late November, the domestic POM market finished sideways, and the overall price performance was very high. According to the data monitoring of the business community, the average ex factory price of domestic POM at the beginning of the month was 13,800 RMB/ ton, and on November 25, the average price was 13,866.67 RMB/ ton, up and down by +0.48%.

In terms of raw materials, the domestic methanol market has been reorganized in a volatile manner recently, with a small fluctuation range and abundant on-site supply. However, the existing demand has not been significantly boosted, and the domestic methanol market is mainly weak in the short term.

In terms of supply: Recently, the operating rate of domestic POM enterprises has remained at a high level, and the current industry load has decreased compared with that before, more than 80%. The processing profit of the enterprise fluctuates in a narrow range, with a gross profit level of about 2,300 RMB/ ton, which is acceptable.

Demand: Although the load of POM industry decreased this week, the market supply turned to be abundant. The mentality of producers and traders has been supported by the rise in ex factory prices, but the demand has weakened recently, and there is much room for profit in the on-site shipment negotiations. The enthusiasm of terminal enterprises to prepare goods is average, and the demand follow-up is slightly lagging behind.

The POM market was weak in late November. The load of domestic polymerization plants decreased by a narrow margin, and some spot logistics were not smooth due to the impact of public health events. On the whole, the supply was abundant. The demand side is relatively weak. Downstream enterprises mainly digest inventory, and pick up goods mostly in small pieces. It is estimated that the POM market will be weak in China in the short term.

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