Price trend

According to the data of the business club’s block list, the domestic POM market was positive in April, and the spot prices of various brands rose at a high level. As of May 1, the average offer price of the POM injection molding sample enterprises in the business community was about 15033.33 yuan / ton, up 2.50% compared with the average price at the beginning of the month.

Cause analysis

In terms of POM upstream formaldehyde, the domestic formaldehyde market was weak at the beginning of April. The restart of some formaldehyde enterprises led to the conflict between the downstream and the high price source of goods. The market transaction was blocked, and the formaldehyde market fell into a wide consolidation. In the second half of the month, the 20 day environmental inspection in China came to an end, the downstream plate started to increase, and the demand for formaldehyde rose. Recently, the price of upstream methanol was increased, and formaldehyde was supported and rose. After the formaldehyde stock atmosphere warming, the market began to rise. It is expected that the price of formaldehyde in Shandong may still rise in the near future.

The upstream price is gradually rising, and the cost side support of POM is gradually strengthened. At present, the domestic POM supply is still in short supply, and the enterprises such as Gung mine are still in the process of maintenance, and the load is not high. The reference price of Tianye Chemical M90 is about 14800 yuan / ton, which is for negotiation. Yuntianhua M90 ex factory reference price is about 16600 yuan / ton, firm offer for negotiation. The POM unit of Shenhua Ningmei coal works normally. The reference price of mc90 is about 14300 yuan / ton, with cash withdrawal. Compared with the previous period, there were certain increases. In April, the supply contraction brought about by enterprises’ burden reduction continued, and there was still an expanding trend. Traders on the floor are reluctant to sell and are willing to report high. Before the festival, there was no large quantity of goods preparation in the downstream, and after the festival, the purchasing enthusiasm gradually increased. At the same time, the overall domestic inventory is also declining.

Future forecast

Analysts from business news agency believe that the domestic POM market in April was stable and rose. The trend of formaldehyde and methanol in the upstream is positive, the cost of POM is strongly supported, and the tight supply pattern has not improved. The supply side is good for the market, the operation rate of downstream enterprises is high, and the consumption of POM is stable. But under the pressure of high cost, profit is compressed, after the festival, passive high follow-up, the attitude of resistance to high price goods gradually revealed. POM market is expected to continue to rise in the near future, but the rise will narrow.