[POM Daily Review] Maintenance Benefits Support, Market Sentiment Remains Relatively Strong

1. Today's Summary

①、 Xinjiang Xinlianxin POM unit plans to shut down for maintenance on September 4th, scheduled for around 21 days. 。

The Tangshan Zhonghao POM plant plans to resume operations in the coming days.

2 Spot Overview

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

Based on the Yuyao area, the price of YunTianHua M90 is 10,800 yuan/ton today, remaining stable compared to the previous period. Today, the POM market remains largely stable with minor fluctuations. Supported by maintenance benefits, manufacturers' sentiment is firm, and mainstream market quotations show no significant changes. However, downstream users are mainly cautious and observant, resulting in relatively light transactions. By the close of trading, the tax-inclusive price of domestic POM in the Yuyao market is 8,100-11,100 RMB/ton, while the cash price in the Dongguan market is 7,300-10,400 RMB/ton.

3 Production dynamics

The domestic POM capacity utilization rate this week is 89.37%, a decrease of 1.50% compared to last week's operation rate. The 40,000-ton/year POM unit at Tianjin Bohua is shut down for maintenance. The POM unit at Yanzhou Luhua is operating at around 80% capacity. The POM unit at Tangshan Zhonghao was shut down for maintenance around August 29 for about one week. This week, the loss caused by maintenance has significantly decreased. Methanol prices are falling, while POM prices remain stable. The product gross profit margin continues to increase, resulting in a profit margin increase of 45 yuan per 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 (Yuan/ton)
Data Source: Longzhong Information	Data source: Longzhong Information

4. Price Forecast

The overall supply during the week is tightening, and the ex-factory price of POM remains relatively stable. However, the sales situation in various regions has not improved, and there is a strong sentiment of wait-and-see among industry players. Due to the impact of low-priced imported materials, some offers continue to negotiate sales. Given that the end-user factories have sufficient stock, the purchasing sentiment of users is relatively weak, resulting in only sporadic transactions.POM

5 Related product information:

Methanol:The current methanol spot price index is 2163.80, up 13.70. Specifically, the Taicang spot price is 2275, up 30, while the North Inner Mongolia price is 2067.5, up 10. According to Longzhong’s monitoring of prices in 20 major and medium-sized cities, 13 cities saw increases of varying degrees, with rises ranging from 10 to 40 yuan/ton. Today, the domestic methanol market as a whole performed strongly. Rumors of macro-level anti-involution policies provided a significant boost to commodity prices, and methanol prices on the futures market fluctuated and rose during the day. Both inland and port markets saw transaction centers follow the upward trend to different extents. Specifically, in domestic production areas, upstream auctions mostly saw premium transactions, with trade switching and the main consumption market in Northern Shandong raising purchase prices in tandem, resulting in positive market sentiment. Port-side near-term buying improved slightly, with the basis strengthening marginally, and attention is being paid to the sustainability of this trend. However, high inventories along the coast persist, and the sustainability of market buying on rising prices is being viewed with caution.

6 Data Calendar

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