Profit-Taking Pressure Intensifies, Market Offers More Room for Discounts

1. Today's Summary

① Petrochemical plant continues to maintain a bullish mentality. 。

② Shenhua Ningmei 60,000-ton-per-year POM Plant Maintenance 。

2 Spot Market Overview

Table 1: Domestic POM Price Summary (Unit: CNY/ton)

to Using the Yuyao area as the benchmark,Today, Yuntianhua M90 was priced at RMB 14,300 per ton, unchanged from the previous period. 。 Today, the domestic POM market remained weak and stable. Although fundamentals still provide some support, sluggish demand has failed to improve sales conditions across regions. Market participants generally adopt a cautious and wait-and-see attitude, with strong willingness to liquidate profitable positions; thus, discounting has widened in some markets. Downstream users remain resistant to purchases, resulting in lackluster trading activity. 。 。

3 Production Dynamics

This period's POM production was 13,850 tons, down 15 tons from the previous period, a decrease of 1.07%; capacity utilization was 90.35%, down 0.97% from the previous period. This week, Tianjin Bohua's 40,000 tons/year POM plant has been shut down for maintenance since July 7th; one line of Hengli Petrochemical's 80,000 tons/year POM plant is under maintenance; the 60,000 tons/year POM plant of Shenhua Ningxia Coal Industry Group is also under maintenance, leading to a decrease in production this week. 。 The average apparent profit of domestic POM is 2,283 yuan/ton, an increase of 338 yuan/ton from last week, with the profit margin ranging from 2,271 to 2,295 yuan/ton. 。

Figure 3 Trend of Domestic POM Capacity Utilization from 2025 to 2026	Figure 4 Comparison of Domestic POM Profit and Price in 2025-2026 (CNY/ton)
Data source: Longzhong Information	Data source: Longzhong Information

4. Price Prediction

POM The supply side remains robust, with petrochemical plants maintaining relatively stable ex-factory prices. However, market sales performance continues to be weak, and demand orders show no signs of improvement. Buyers remain resistant to current quotations, and inquiry activities are muted across regions. Traders face mounting pressure, and actual transactions are subject to volume-based negotiations. According to Longzhong, the domestic POM market is expected to experience narrow-range fluctuations in the short term.

5 Related product information:

Methanol Today's methanol spot price index is 2843.76, -25.78. Among them, the spot price in Taicang is 3305, -73, and the price in northern Inner Mongolia is 2637.5, -7.5. According to Longzhong's monitoring of 20 major and medium-sized cities, 16 cities experienced varying degrees of decline, with a drop of 7.5-85 yuan/ton. Today, the domestic methanol market showed regional adjustments, with the futures narrowing within a small range, and the near-term following demand, with the basis for various periods remaining relatively firm. The expectation of limited imports and continued destocking continues to support the absolute price. The market atmosphere in the inland region was weak at first and then strengthened. In the afternoon, with the release of the news of external procurement of olefins in Lianyungang, the buying and selling atmosphere slightly improved. Apart from the continuous price difference between the eastern and western regions, the current low upstream inventory and the rigid demand still provide support to the market. 。

6 Data Calendar

Table 2 Overview of Domestic POM Data (Unit: 10,000 Tons)