Price trend

According to the bulk list data of business society, the domestic POM market is weak and stable this week, and the spot prices of various brands are mainly sideways. As of March 25, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 22133.33 yuan / ton, up or down – 0.30% compared with the average price level at the beginning of the month.

Cause analysis

Industrial chain: upstream, the recent rise in formaldehyde market. The market of raw methanol began to rise, with good cost support, but the downstream demand is general. It is expected that the price of formaldehyde in Shandong may rise slightly.

There is an upstream formaldehyde market, and the cost side support of POM is acceptable. In terms of industry load, the current domestic POM operating rate has limited changes and is still at a high level, and the overall load is still more than 85%. The supply side is beneficial, but the supply side is slightly compact. However, at present, the inventory of enterprises is high, and it is unfavorable to remove the inventory. Although the offer of enterprises is stable, the confidence of merchants is weakened, and there is the operation of giving up profits and taking orders. In addition, the number of domestic diagnoses of recent health events rebounded, affecting the logistics and transportation in many regions, and the offer fell secretly to POM. Downstream demand continues to be weak, buyers’ mentality is to buy up rather than buy down, there is a strong wait-and-see atmosphere in the venue, the purchase operation is biased towards small orders, just need to maintain production, and have a strong resistance to high price sources of goods.

Future forecast

Business analysts believe that: this week, the domestic POM market is weak, sorting and operation, there is a market for formaldehyde in the upstream, and the cost support of POM is OK. The on-site supply is slightly tight, the load of downstream enterprises is OK, and there is no large-scale replenishment in procurement. The on-site trading situation is light, the shipment resistance of high-priced goods is large, and the merchants cut prices and take orders. Lack of demand and logistics resistance drag down the market, and it is expected that POM prices may continue to be weak in the short term.

Trade name: TDI

Latest price (March 24): 19775 yuan / ton

Key points of analysis: the average price of TDI market in East China today is flat compared with the previous working day, and the domestic TDI market is in a stalemate. According to market news, the TDI unit with an annual output of 310000 tons may be stored and overhauled in April. In addition, due to the impact of the epidemic, the raw material supply of the factory in Shanghai is short, the operating rate is reduced, and TDI will not take orders temporarily. In the early stage, the market rose on hearing the news, the on-site offer price was chaotic, while the downstream acceptance was not high. Affected by the epidemic, the logistics traffic was blocked, the demand of the terminal market was weak, and the transaction of new orders was weak. At present, the quotation range of dealers in East China is about 19000-19500 yuan / ton for domestic goods and about 19500-20100 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

Polyoxymethylene market price trend chart

Price curve of paraformaldehyde

According to the monitoring of business agency, on March 23, the average production price of paraformaldehyde in Shandong was 5766 yuan / ton, up 0.58% from last week.

According to the monitoring data of business agency, the average price of domestic methanol production enterprises was 3045 yuan / ton on March 23 and 2787 yuan / ton on March 18, an increase of 9.24%.

Methanol market rose to support, but affected by the epidemic, the market took goods in general, and paraformaldehyde analysts in business cooperatives expected that the rising space of paraformaldehyde was limited.

On March 22, the rare earth index was 932 points, down 17 points from yesterday, down 7.45% from 1007 points (2022-02-24), the highest point in the cycle, and up 243.91% from 271 points, the lowest point on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now)

The trend of domestic rare earth index fell sharply, the price of domestic light rare earth praseodymium neodymium series fell, the price of praseodymium neodymium oxide fell by 20000 yuan / ton to 1.005 million yuan / ton, the price of praseodymium neodymium metal fell by 15000 yuan / ton to 1.235 million yuan / ton, the price of praseodymium oxide fell by 20000 yuan / ton to 1.035 million yuan / ton, the price of neodymium oxide fell by 30000 yuan / ton to 1.09 million yuan / ton, and the price of metal praseodymium fell by 30000 yuan / ton to 1.335 million yuan / ton, The price of neodymium metal fell by 20000 yuan / ton to 1.36 million yuan / ton, dysprosium oxide fell by 20000 yuan / ton to 2.885 million yuan / ton, dysprosium ferroalloy fell by 30000 yuan / ton to 2.885 million yuan / ton, dysprosium metal price was 3.875 million yuan / ton, the price trend of domestic light rare earth market fell, and the recent procurement was general. The price of dysprosium Series in domestic heavy rare earth market fell, the price of terbium series fell, the downstream procurement was mainly on demand, and Myanmar banned export, It is expected that the price of domestic rare earth market will decline in the later period.

Trade name: PC

Latest price (March 21): 22933.33 yuan / ton

Key points of analysis: Recently, the domestic PC market rebounded after the rise. At present, there is no substantive content and change in the negotiation between Russia and Ukraine. The market is worried about the stability of the petrochemical supply chain, the crude oil rebounded after the fall, and the remote support of PC weakened. In terms of supply, some enterprises have started to resume work recently, and the supply side is expected to increase. At present, due to the rebound of domestic health events, the transportation situation and the production of downstream enterprises are affected, the demand progress is shrinking, and the operators are mostly bearish in the future.

Future forecast: it is expected that the PC market may be weak in the short term.