SunSirs: Maintenance Support, China POM Market Rose in a Narrow Range

https://www.chemnet.com   May 21,2024 SunSirs

　　Recently, the domestic POM market has risen in a narrow range, and the prices of some brands have increased. According to the commodity market analysis system of the business club, as of May 13, the domestic POM mixed price was 12,800 RMB/ton, up or down +0.79 from the price level on May 1.

　　The domestic methanol market was weak and volatile this week. On the supply side, the global coal supply is stable, and the increase in domestic demand is not enough to support the rise in coal prices. In addition, the temperature rises, the civil electricity load falls, the consumption of power plants shrinks, and the terminals are mainly supplemented by long-term cooperation. The market demand for coal is relatively flat, and the overall mood is on the sidelines. The influence of negative factors on methanol cost. The supply of goods continues to be abundant, while the downstream demand is relatively general. Under the supply and demand game, the price weakness is mainly sorted out, and the support for POM market is loose.

　　Supply: Recently, the operating rate of domestic POM enterprises has been significantly reduced, and the overall load has been reduced from 77% to 68%. Shenhua Ningxia coal and Xinjiang Guoye entered the overhaul, and the supply shrank. At the same time, after previous digestion, the inventory position of the polymerization plant has decreased. In addition, due to the high level of imported materials in the early stage, the manufacturers have strong confidence and try to increase the price. In general, the pressure on the supply side is relieved.

　　On the demand side: domestic POM downstream enterprises have limited changes after the holiday, about more than 60%. The stock situation is general, and most of them just need to take the goods to maintain production. The terminal factory mainly maintains digestion inventory, takes goods with caution, and the flow rate of goods in the yard is slow. The overall consumption level of the market is still taking on the weakness of the previous period. On the whole, the demand side has poor support for the spot price of POM.

　　Last week, the POM market was stable and rising. The operating rate of domestic polymerization plants fell, the supply of goods was expected to shrink in the future, the pressure on the supply side was eased, and the downstream consumption followed up and remained weak, curbing the good maintenance. It is expected that the future market will be mainly volatile.

 Print  |    add to Favorites  |    Close