Price trend

According to the bulk list data of business society, the domestic POM market continued to decline last week, and the decline of spot prices of various brands was reduced. As of July 11, the ex factory price reference offer of POM injection molding sample enterprises of business club was about 20066.67 yuan / ton, up or down -1.63% compared with the average price level at the beginning of the month.

Cause analysis

Industrial chain: in terms of upstream formaldehyde, the market price of formaldehyde in Shandong fell last week. As of July 7, the mainstream market price in Shandong was 1230-1260 yuan / ton. Recently, the methanol market has fallen, the cost support is poor, the formaldehyde market has fallen under the influence of methanol, and the downstream demand is difficult to improve. It is hard to maintain the rigid demand for procurement. The formaldehyde market is generally traded, and the market has weakened slightly.

The upstream formaldehyde market fell, and POM cost side support weakened. In terms of industry load, the load of some domestic POM enterprises fell last week, but the on-site supply was abundant, and the pressure reduction effect of lost capacity on the supply side was limited. At present, the inventory of manufacturers and midstream enterprises is high, the operating rate of terminal enterprises is generally restricted by profits or orders, and the operating rate is narrowed. The consumption of POM in the field is slow, and the situation is in the off-season mode. Terminal enterprises are cautious in purchasing, mainly taking small orders, and have a heavy wait-and-see mood. The main bad news on the floor was the high inventory caused by insufficient demand. The mentality of merchants was general, and the offer was mainly reduced with the enterprises.

Aftermarket forecast

Business analysts believe that the domestic POM market continued to decline last week, the upstream formaldehyde market fell, and the cost support of POM weakened. The load of POM industry decreased, and the supply side remained abundant. The consumption of downstream enterprises is weak, and there is no large-scale replenishment in procurement. It is expected that in the short term, the POM price may fall due to the inventory of Gaozhu and give priority to profit.