[POM Daily Review] Market Sales Are Slow, Real Negotiations

1. Today's Summary

①、 The Xinjiang Xinlianxin POM unit will be shut down for maintenance on September 4, with a planned duration of about 21 days. 。

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

2 Spot Overview

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

Based on the Yuyao region, today's Yun Tianhua M90 is priced at 10,800 yuan/ton, stable compared to the previous period. Today, the POM market remains stable overall, with slow circulation of spot goods. Traders are facing difficulty in relieving the pressure of selling, and there is still room for negotiation on market quotations, with a range of 50-100 yuan/ton. By the close of trading, the tax-included price of domestic POM in the Yuyao market was 8,100-11,100 yuan/ton, while the cash price of POM in the Dongguan market was 7,300-10,400 yuan/ton.

3 Production Dynamics

The domestic POM capacity utilization rate this week is 83.63%, down 5.74% from last week's operation rate. Tianjin Bohua's 40,000 tons/year POM plant was shut down for maintenance on July 7, and Xinjiang Xinxin's 80,000 tons/year POM plant was shut down for maintenance on September 4. Tangshan Zhonghao's POM plant resumed operation on September 5. The loss from maintenance increased this week. Methanol prices are rising, POM price trends. The product's gross profit margin decreased, reducing the profit margin by 166 yuan per ton.

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

4. Price Forecast

This week's maintenance factors have led to a slow increase in petrochemical plant inventory, providing limited support from the supply side. However, the market's sales situation continues to be weak, with a lack of follow-up on terminal orders. Downstream users show low purchasing enthusiasm, and the impact of low-priced imported materials adds pressure on traders to sell. As a result, mainstream brands continue to negotiate sales.Longzhong expects that the short-term domestic POM market will remain largely stable with slight declines.

5 Related product information:

Methanol:The current methanol spot price index is 2208.87, down by 1.10. The spot price in Taicang is 2280, down by 5, while the price in the northern line of Inner Mongolia is 2122.5, unchanged. According to Longzhong's monitoring of prices in 20 major cities, 10 cities have experienced varying degrees of decline, with a drop ranging from 5 to 15 yuan/ton. On Friday, the domestic methanol market showed narrow fluctuations, with the inland market mostly tending to stabilize and adjust, and contract digestion as the main focus. Next week, besides continuing to pay attention to the purchasing strength of some olefins in the production areas, key points such as conventional stocking by the midstream and downstream before the holidays and the upward movement of freight rates need to be closely monitored. The port market showed narrow fluctuations, with near-end buying demand being rigid, and the basis slightly strengthened in the afternoon. Additionally, the restart of MTO in Zhapu began today, and the pace of subsequent load increase should be observed.

6 Data Calendar

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