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SunSirs: The Supply Side is Tight, China POM Market is Rising

February 28 2024 14:19:02     SunSirs (Selena)

Recently, the domestic POM market has been relatively strong, with most spot prices rising. According to the Commodity Market Analysis System of SunSirs, as of February 26th, the mixed price of domestic POM was 13,350 RMB/ton, with a price increase or decrease of +2.30% compared to the beginning of the month.

From the analysis of the commodity market in SunSirs, it can be seen that the formaldehyde market price in Shandong has recently declined. The upstream methanol market is weak, and the price of formaldehyde is basically following the decline in methanol. After the Spring Festival, the resumption of work in downstream panel factories has been poor, and the atmosphere of negotiations on site has been weak. The formaldehyde market has mainly declined, providing moderate support for the cost of POM.

In terms of supply: After the Spring Festival, the operating rate of domestic POM enterprises has remained generally stable, with an overall load rate of over 83%. Most companies have low inventory positions and have not experienced any accumulation of inventory. Some POM devices will resume work in the future, but overall, the impact on supply pressure is limited, and the supply side has a strong support for POM spot goods.

In terms of demand: Recently, downstream POM enterprises in China have not fully resumed work before the holiday, and on-site consumption has not been fully launched. With the return of terminal enterprises in the future and the urgent need for stocking, there is still room for a warming up in the trading atmosphere. In addition, there is a speculative atmosphere on the market, and overall, there is an expectation of a stronger demand side, which increases the expectation of spot price support for POM.


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