Price trend

According to the bulk list data of business society, the domestic POM market fell last week, and the spot prices of various brands fell to a certain extent. As of May 23, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 21200 yuan / ton, up or down – 3.78% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the market price of formaldehyde in Shandong fluctuated and fell last week. Recently, the demand of wood board factories is poor. In order to ship goods, manufacturers in Linyi took the initiative to lower the quotation. The market transaction is poor and the market is weak.

The upstream formaldehyde Market weakened and POM cost side support weakened. In terms of industry load, at this stage, domestic POM enterprises have less maintenance capacity, high industry operating rate, market supply has changed the compact pattern in the early stage, and there are abundant spot goods in the field at present. The inventory of terminal enterprises still needs to be digested, and the demand continues to be weak. Buyers are more resistant to high price sources. They are cautious in preparing goods, and the operation is biased towards bargain hunting to maintain production. The market is dominated by the decline of small newspapers and the market mentality is not strong. Domestic health incidents still affect the logistics and transportation in East China, and some demand is affected.

Future forecast

Business analysts believe that the domestic POM market fell last week, the upstream formaldehyde Market weakened, and the cost support of POM weakened. The POM industry has a high load and abundant on-site supply. The consumption of downstream enterprises is weak, and there is no large-scale replenishment in procurement. The market supply is reduced, and the demand follow-up is not timely. It is expected that the POM price may continue to adjust downward in the short term.