According to the data from the bulk list of business cooperatives, the POM market fell in September, and the spot prices of various brands fell significantly. As of September 29, the ex factory price reference offer of POM injection molding sample enterprises of the business community was about 13666.67 yuan/ton, up or down by – 15.11% compared with the average price at the beginning of the month.
Industrial chain. However, the terminal enterprises are in a strong wait-and-see mood, cautious in purchasing, and the market negotiation atmosphere is light. In addition, the domestic methanol market is expected to decline, and the formaldehyde market is expected to decline mainly in the short term.
Upstream formaldehyde market rose, and POM cost side support was strengthened. In terms of industry load, the overall load of domestic POM industry enterprises was basically full this month. At the end of the month, individual enterprises had short maintenance, and the supply of goods was abundant, resulting in accumulation of inventory. There is strong competition on the market, and the manufacturers and midstream customers prefer to reduce the price for shipment. The operating rate of terminal enterprises is generally restricted by profit and other factors, and its position is not high. On the purchasing side, the wait-and-see mood is heavy, buying up rather than buying down, and the overall demand is weak. In addition, in the short term, there is no demand forecast in the downstream, and the load has not risen significantly with the peak plastic consumption season. Traders tend to ship at low prices, and the price is generally depressed. On the market, delivery is mainly small orders. It is difficult for high price goods to be shipped. The merchants only talk about it, and there are many margins.
Future market forecast
Analysts from the business community believe that the decline of the domestic POM market in September has increased, the upstream formaldehyde market has risen, and the POM cost support is fair. The load of POM industry is high, and there is pressure on the supply side. The demand follow-up of downstream enterprises has not improved, and the purchase is mainly scattered. Under the situation that the contradiction between supply and demand is difficult to ease, formaldehyde is expected to fall back next month, and POM prices are expected to continue to be weak in the short term.