today's summary

①、POM petrochemical plant inventory pressure increases.

②、Weak demand continues to ferment, negotiations conclude.

2spot overview

Table 1 Domestic POM Price Summary (Unit: Yuan/Ton)

Taking the Yuyao region as a reference, today's Yun Tianhua M90 is priced at 14200 yuan/ton, with limited price fluctuation.Today's POM market is weak and stable with a wait-and-see attitude. POM petrochemical plants have accumulated inventory, making it difficult for operators to find support. Traders are mainly selling at a loss, while terminal factories are cautiously observing. Users show little interest in purchasing, leading to a relatively dull trading atmosphere. The main offer price range is 10,500-14,500 yuan/ton.

3production dynamics

This week, the domestic POM capacity utilization rate remained stable at 96.99%. All manufacturers' POM facilities are operating at full capacity. With the decline in methanol prices and stable POM prices, the product's gross profit margin has increased, with profits rising by about 9 yuan per ton.

4, price prediction

At the beginning of the week, the shipping situation in various places did not improve, and the inventory pressure on petrochemical plants continued to increase. The short-term POM fundamentals lack support, and the market's bearish sentiment has intensified. Traders' operating mentality is poor, and there is still room for negotiation in the main quotations. Terminal orders are weak, and the buying and selling atmosphere will be difficult to be optimistic. Longzhong Information predicts that the short-term domestic POM market will experience a weak fluctuation.

5related product situation

methanol:Today's methanol spot price index is 2384.67, +2.81, with the Taicang spot price at 2720, +27, and the Inner Mongolia North Line price at 2235, -2.5. According to Longzhong's monitoring of 20 major and medium-sized cities, 10 cities have shown varying degrees of increase, with the rise ranging from 15 to 50 yuan per ton. Today, there are slight differences in regional transactions in the northwest methanol market. The futures market has fluctuated and risen, and the overall atmosphere of the spot market is acceptable, but there is a certain degree of differentiation in regional transactions. In the Inner Mongolia region, transactions mainly occur at lower prices, and the market trading is relatively cautious, while in the Yulin region, transaction prices have slightly increased, and traders' restocking sentiment is acceptable. In the Guanzhong region, due to some facility malfunctions and maintenance, supply has decreased, leading to a significant increase in the selling price of enterprises, but buyers show some resistance to high prices, resulting in average transaction performance. Currently, the market's supply and demand game is still ongoing, and the price differentiation between regions is evident.