Price trend
| Gamma Polyglutamic Acid |
According to the bulk list data of business society, the domestic POM market fell sharply this week, and the decline of spot prices of various brands was concentrated on Friday. As of July 1, the ex factory price reference offer of POM injection molding sample enterprises of business club was about 20400 yuan / ton, up or down -4.67% compared with the average price at the beginning of the week.
Cause analysis
Industrial chain: in terms of upstream formaldehyde, Shandong formaldehyde market fell this week. Raw methanol stabilized after falling in the week, and the cost side support for formaldehyde was general. The downstream plate market is in the off-season, the enterprise load is low, the demand is weak, and the market transaction is light. It is expected that the price of formaldehyde will be dominated by weak consolidation and operation in the near future.
The upstream formaldehyde market fell, and POM cost side support weakened. In terms of industry load, POM enterprises had maintenance production lines before, but the on-site supply was abundant, and the inventory of manufacturers and midstream was high. The operating rate of terminal enterprises is also in the off-season mode, and the operating rate is gradually narrowed due to profit or order problems. Due to the sharp drop in spot prices on Friday, 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 fell sharply this week, the upstream formaldehyde market fell, and the cost support of POM weakened. The load of POM industry tends to be high and stable, and the supply side remains 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.
| http://www.gammapolyglutamicacid.com |