Some manufacturers have lowered ex-factory quotations. The overall market is stable with slight declines, and Yuntianhua M90’s mainstream listed prices in various regions remain unchanged.
Yankuang Lu Hua Phase I and II, as well as the Guoye unit, are undergoing simultaneous shutdown maintenance, coupled with ongoing maintenance at Bohua and Hengli, resulting in a slight decrease in weekly production and operating rates.
3. Methanol feedstock prices fell sharply across the board, the industry's average profit margins narrowed slightly, bearish market sentiment remained strong, and downstream buyers showed weak willingness to replenish inventories.
The weekly operating rate is expected to see a slight rebound, but the limited support from reduced supply makes it difficult to change the weak market trend in the short term.
Quotes for M90 from Yuyao, Dongguan, and North China Yuntianhua all remained unchanged, with the benchmark transaction reference in Yuyao at RMB 12,500/ton. Overall, the market was largely stable with slight declines in some areas, and some cargoes were offered at discounts of RMB 200 to stimulate transactions. Factory inventories were being reduced slowly, inventory pressure remained, and traders showed weak sentiment in shipping goods. The tax-inclusive price range for domestic POM in Yuyao was RMB 8,800–13,000/ton, while Dongguan cash prices were RMB 7,800–11,600/ton. Downstream buyers remained cautious and did not build inventories, purchasing only sporadic small orders for rigid demand, and overall trading was sluggish.
The output for this period is 12,840 tons, a month-on-month decrease of 1.56%, with a capacity utilization rate of 82.25%, down 0.83% compared to the previous month. Long-term maintenance at Bohua and single-line maintenance at Hengli, along with major repairs at Luhua and Guoye, have led to a slight overall contraction in production. The industry average apparent profit is 745 yuan/ton, a decrease of 59 yuan month-on-month, indicating a narrowing profit margin but still remaining positive. Data for this week suggests a slight increase in startup, with a minor rebound in supply pressure expected in the future.
The methanol market has weakened significantly, with the price index dropping sharply by 126.11. Prices in Taicang fell by 258, and in the northern Inner Mongolia line by 130, with most cities lowering their prices. Due to the sharp decline in crude oil prices caused by easing tensions between the US and Iran, market panic has emerged. Both ports and inland prices have dropped simultaneously, buyers are cautious, trading volume is insufficient, and cost-side support has noticeably weakened.
Market inquiries remain subdued, traders are under pressure to ship goods, and there is greater room for negotiation in quoted prices, while end-user restocking enthusiasm is low. Although maintenance at multiple plants has reduced supply and provided some support, weak demand and the sharp decline in methanol prices have weighed on costs, making it difficult to reverse the weak trend. It is expected that the domestic POM market will continue to fluctuate on the weak side in the short term.
【Copyright and Disclaimer】This article is the property of PlastMatch. For business cooperation, media interviews, article reprints, or suggestions, please call the PlastMatch customer service hotline at +86-18030158354 or via email at service@zhuansushijie.com. The information and data provided by PlastMatch are for reference only and do not constitute direct advice for client decision-making. Any decisions made by clients based on such information and data, and all resulting direct or indirect losses and legal consequences, shall be borne by the clients themselves and are unrelated to PlastMatch. Unauthorized reprinting is strictly prohibited.
