[POM Daily Review] Limited Supply Support; Traders Flexibly Ship

1. Today's Summary

①、 Xinjiang Xinxin's POM unit was shut down for maintenance on September 4, with the planned duration being around 21 days. 。

The Tianjin Bohua POM unit was shut down for maintenance on July 7, and the restart date is yet to be determined.

2 Spot Overview

Table 1 Summary of Domestic POM Prices (Unit: RMB/ton)

Based on the Yuyao area, today the price of Yun Tianhua M90 is 10,800 yuan/ton, which remains stable compared to the previous period. Today, the POM market remained stable, with slow circulation of spot goods. Inventories at petrochemical plants gradually accumulated, and mainstream market offers showed limited fluctuations. Traders' operational pressure is expected to increase gradually, with negotiations based on volume. By the close, the domestic POM price in the Yuyao market, including tax, ranged from 8,100 to 11,100 RMB/ton, while the cash price in the Dongguan market ranged from 7,300 to 10,400 RMB/ton.

3 Production Update

This week, the domestic POM capacity utilization rate is 84.21%, an increase of 1.56% compared to last week. Tianjin Bohua’s 40,000 t/a POM unit was shut down for maintenance on July 7, and Xinjiang Xinnlianxin’s 80,000 t/a POM unit was shut down for maintenance on September 4. Tangshan Zhonghao’s POM unit has resumed full-load production, resulting in a decrease in production losses due to maintenance this week. Methanol prices are rising, POM prices remain stable. Due to a decline in product gross margin, the profit margin has decreased by 61 yuan/ton.

Figure 3 Trend Chart of Domestic POM Capacity Utilization Rate in 2024-2025	Figure 4 Comparison of Domestic POM Profit and Price in 2024-2025 (RMB/ton)
Data Source: Longzhong Information	Data source: Longzhong Information

4. Price Prediction

The market sales within the week were unsatisfactory, with slow spot circulation in various regions and increasing inventory pressure at some petrochemical plants. However, supply was tight at some manufacturers due to maintenance, leading to a strong wait-and-see attitude among market participants. Some offers were open to negotiation, but demand orders followed up slowly. Buyer purchasing sentiment was weak, and transaction fluctuations are expected to be relatively limited.Longzhong expects that the domestic POM market will remain largely stable with minor fluctuations in the short term.

5 Related product information:

Methanol:Today's methanol spot price index is 2204.66, down by 14.67. The spot price in Taicang is 2282, down by 10, while the price in Inner Mongolia's northern line is 2115, down by 20. According to Longzhong's monitoring of prices in 20 major cities, 10 cities have experienced declines of varying degrees, ranging from 5-30 yuan/ton. The overall trading atmosphere in the domestic methanol market is slightly weak today. The futures market continues its downward trend, dragging the spot market. Currently, port methanol inventories continue to accumulate, and shipments from overseas, particularly from Iran, remain stable, with the willingness to hold goods still generally moderate. In the inland areas, although olefin companies continue to have external procurement demand support, the rapid price increase in the previous period has led to a cooling in buying enthusiasm. At the same time, weak oil demand, downstream return of goods/partial pressure on vehicles, and other factors have tightened the transportation sector recently, and there is still a need to be wary of the transmission effects of further increases in freight rates.

6 Data Calendar

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