Price trend
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According to the bulk list data of business society, the domestic POM market rose in the first half of December, and the spot price rose. As of December 10, the average price offered by POM injection molding sample enterprises of business society was about 20666.67 yuan / ton, with an increase or decrease of + 4.03% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: the recent domestic market of upstream methanol is weak, the downstream demand is poor, and the purchasing mood is weak, but the formaldehyde manufacturers maintain low load production. Therefore, the formaldehyde analysts of the chemical branch of business society predict that the recent price of formaldehyde in Shandong is mainly fluctuating and falling.
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Upstream formaldehyde continued to be weak, and POM cost side support was poor. In terms of industry load, the operating rate of domestic POM enterprises continues to be high. Recently, affected by Yuntianhua maintenance plan, the market supply is expected to be reduced. And there are still enterprise maintenance plans announced in the future. The inventory of enterprises is low. In the domestic market, under the condition of insufficient imports, the tight supply pattern continues. Recently, it is superimposed with the expectation of tight supply. Businesses are reluctant to sell, and the on-site trading catch-up is general. Shenhuaning coal mc90 is quoted at a reference price of about 20100 yuan / ton, with cash withdrawal. The reference price of Tianye Chemical is about 21000 yuan / ton. The ex factory reference price of Yuntianhua M90 is about 20900 yuan / ton.
Future forecast
Business analysts believe that the domestic POM market rose this week, the upstream formaldehyde market continued to decline, and the cost support of POM was weak. The on-site supply is compact, superimposed with the expectation that the future supply will be further tightened, and the merchants’ reluctant sale operation will increase. However, at present, the downstream is more resistant to the high price supply, and there is some resistance to the rising market. Overall, there is more market outlook in the market, and it is expected that the spot price of POM may continue to rise.
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