Price trend

According to the bulk list data of business society, the domestic POM market rose in February, and the spot price rose. As of February 24, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 22200.00 yuan / ton, with an increase or decrease of + 5.88% compared with the average price level at the beginning of the month.

Cause analysis

Industrial chain: upstream, in February, the market price of formaldehyde in Shandong Province rose on the whole. There was a big rise after the first week of the Spring Festival, and it fluctuated slightly in the past two weeks. As of February 23, the mainstream market price in Shandong is 1250-1350 yuan / ton. In February, formaldehyde enterprises started construction one after another after the year. In the early stage, the operating rate was low, the market supply was slightly tight, and the formaldehyde market rose. After the manufacturers started construction one after another in the later stage, the shipment was stable, the market trading atmosphere was acceptable, and the market showed a fluctuating upward trend. At the end of the month, there is a certain cost support for domestic methanol. It is expected that the price of formaldehyde in Shandong will rise slightly in the short term.

The upstream formaldehyde is stronger, and the cost side of POM is firmly supported. In terms of industrial load, the domestic POM operating rate increased in February, and the overall load increased from more than 70% to 80%, but the market supply is still partially tight. The inventory pressure of enterprises is small, the mentality of merchants is OK, and the offer is generally high. The market price at the end of the month is between 23000 yuan / ton and 25000 yuan. The load of downstream enterprises was concentrated after the Lantern Festival. The increase of just needed volume and the shutdown and maintenance of Tianye Chemical lifted the POM spot price. However, buyers have a strong resistance to high-priced goods, a strong wait-and-see atmosphere, weak buying in the venue, no large-scale replenishment, and weak trading.

Future forecast

Business analysts believe that: in February, the domestic POM market continued to rise, the upstream formaldehyde market rose, and the cost support of POM was stable. The on-site supply continues to be tight, and the merchants’ mentality is relatively stable. The downstream demand performance is acceptable, and the order flow of high price goods is poor. It is expected that the POM price may remain high in the short term.