[pom daily review] strong supply support, stable market quotations

1. Today's Summary

The first phase POM unit of Yankuang Luhua was shut down for maintenance from November 25 to December 7 and is currently resuming operations.

②、 The Hebi Longyu POM plant will shut down for maintenance on October 20th, with the restart date yet to be determined. 。

2 Spot Overview

Based on the Yuyao area, the price of Yun Tian Hua M90 today is 10,900 yuan/ton, remaining stable compared to the previous period. Today, the POM market remained stable at a high level. Petrochemical plants have a tight spot supply and still intend to raise prices in the short term. The fundamentals are relatively stable. The market sales trend has turned sluggish as end-users gradually conclude their stocking activities, leading to reduced inquiries in the market. Traders are facing increased pressure to sell, with some offers having room for negotiation, and many transactions have seen volume increases. As of the close, the tax-included price for domestic POM in the Yuyao market ranged from 8,200 to 11,100 yuan/ton, while the cash price in the Dongguan market ranged from 7,700 to 10,400 yuan/ton.

3 Production Dynamics

This week's domestic POM capacity utilization rate is at 73.84%, an increase of 3.46% compared to last week's operation rate. The Yanzhou Coal Lu Chemical Phase I POM unit will be shut down for maintenance from November 25 to December 7. Hebi Longyu The start-up time for Tianjin Bohua POM plant is yet to be determined. This week's maintenance loss has increased. This weekMethanolPOM prices have all increased, with POM having a relatively large rise. The product gross margin continues to rise, with the profit margin increasing by 72 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 2025 (CNY/ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

4. Price Forecast

The fundamentals remain strong, and petrochemical plant inventories are low. In the short term, ex-factory prices still have support, and mainstream market quotations are stable. Traders continue to operate according to market conditions, with some secondary and tertiary players mainly focusing on inventory consumption. Given the slow follow-up of terminal orders, users are predominantly adopting a wait-and-see attitude, and transactions are discussed as needed. Longzhong expects that the domestic POM market will experience minor fluctuations while remaining largely stable in the short term.

5 Relevant product information:

Methanol:Today's methanol spot price index is 2048.99, down by 3.74. The spot price in Taicang is 2078, up by 3, while the price in Inner Mongolia North Line is 1980, down by 10. According to Longzhong's monitoring of prices in 20 major cities, five cities have experienced varying degrees of decline, with decreases ranging from 2.5 to 10 yuan per ton.Methanol MarketRegional adjustments, coastal proximity follows demand, basis remains firm, reverse flow and arrivals below expectations affect coastal destocking performance during the week, continued attention needed on the import unloading pace; inland market trends are generally average, transportation costs continue to rise, upstream production areas mostly continue the trend of lowering prices to facilitate sales, with some enterprises experiencing unsold auctions during the day; downstream buying is on demand, and the transfer of orders maintains a stalemate.

6 Data Calendar

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