SunSirs: China POM Price Stabilized in the First Half of June

Chemical News: SunSirs: China POM Price Stabilized in the First Half of June

https://www.chemnet.com Jun 18,2021 SunSirs
According to the data of SunSirs, the domestic POM market was flat in the first half of June, and the spot prices of various brands were stable. As of June 16, the average offer price of the POM injection molding sample enterprises in the business community was about 15,900 yuan / ton, which was flat compared with the average price at the beginning of the month.

In terms of POM upstream formaldehyde, the formaldehyde Market in Shandong fell in the first half of June, the market trading atmosphere was relatively light, and the transaction situation was not good. Recently, the formaldehyde price in Shandong may drop slightly.

Upstream prices fell in the first half of the month, and POM cost side support weakened. Recently, the domestic POM market accepted the stalemate at the end of May, and the wait-and-see atmosphere spread. At present, it is the off-season of the rubber and plastic industry, and the consumption of downstream factories is insufficient, so it is difficult to pull up the demand for just entering the market. China domestic POM spot price is still not low, the supply side is still good, and the domestic supply is still tight.

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