[pom daily review] operators under pressure, market transactions weak

Today's Summary

Yankuang Lubei Chemical's 80,000 tons/year POM plant is operating smoothly across the board.

②、 Hebi Longyu's 60,000 tonnes/year POM plant went into shutdown for maintenance on October 20, and the restart date is to be determined. 。

2 Spot Overview

Based on Yuyao area, today's Yuntianhua M90 closing price is 11100 RMB/ton, stable compared to the previous period. Today's domestic POM market in China Narrow range consolidation. Spot market circulation is slow, petrochemical plants face increasing shipping pressure, and fundamental news is bearish. The market continues to maintain a wait-and-see attitude. Traders' operational sentiment is relatively weak, with some brands still having room for negotiation. End users show limited interest in taking over, and the buying and selling atmosphere is relatively quiet. As of the close, the tax-inclusive quotation range for domestic POM in Yuyao region was 8800-11300 RMB/ton, and the cash transaction price in Dongguan region remained at 7800-10400 RMB/ton.

3 Production dynamics

This week, the domestic POM capacity utilization rate was 82.65%, an increase of 0.52% from last week's operating rate. Yankuang Luhua Phase I POM unit is operating stably. Hebi Longyu The start-up time for Tianjin Bohua's POM plant is yet to be determined. The maintenance downtime loss decreased this week. Methanol prices fell this week, while POM prices remained stable. Gross profit margin increased, and the profit per ton rose by 25 yuan.

Figure 3. Domestic POM Capacity Utilization Rate Trend Chart for 2025-2026	Figure 4: Domestic POM Profit and Price Comparison Chart (RMB/Ton) for 2025-2026
Data source: Longzhong Information	Data source: Longzhong Information

4. Price Prediction

Shipments are lackluster across various regions, leading to continued inventory accumulation for some manufacturers. The fundamentals are pointing to bearish signals, and market inquiries are tepid. Traders' bearish sentiment is intensifying, making it difficult to alleviate short-term shipping pressure. Some grades are seeing increased price concessions. Downstream factories are operating at low capacity, and end-users are primarily taking a wait-and-see approach, resulting in relatively limited transaction fluctuations. Longzhong predicts that the POM market will consolidate in a narrow range in the short term.

5 Relevant Product Information:

Methanol Today, the methanol spot price index is 1958.58, down 15.37. Among them, Taicang spot price is 2267, down 33, and Inner Mongolia North Line price is 1787.5, down 17.5. According to Longzhong's monitoring of 20 major cities, 13 cities saw varying degrees of decline, ranging from 5 to 120 yuan/ton. Today, the domestic methanol market operated regionally, with weak futures and a downward shift in port trading focus. Overall buying and selling were deadlocked, and transactions were average. Attention is on tomorrow's inventory data. The domestic production areas and consumption markets continued to show differentiated increases and decreases. Transportation costs remained firm. Upstream producers in production areas mostly continued to lower prices to offer concessions; downstream prices, however, slightly increased due to rising transportation costs and pre-holiday stocking. It is expected that various markets will continue to adjust differently before the holiday.

6 Data Calendar

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