【POM Morning Brief】Insufficient fundamental support, market shipments continue to show weakness

I. Focus Points

1) The market inquiry atmosphere is relatively weak;

2) Traders are under pressure in operations;

3) Downstream players are cautiously observing.

Core Logic: The trading atmosphere is relatively weak, with general transactions.

II. Price List

Notes:

1. Methanol and POM prices are based on the mainstream market prices.

2. Prices for these two products are in RMB, with the unit being yuan per ton.

3. All the above RMB prices include taxes.

4. The prices listed are spot prices from the previous two working weeks, not the average weekly price.

5. The change refers to the sequential variation.

III. Market Outlook

The fundamental support for POM is insufficient, and the market's shipment continues to be weak. Industry players hold a cautious and bearish attitude, with some offers still having room for concessions. Given that there are no signs of improvement in terminal demand, buyers' interest in taking over is low, and the negotiation space for transactions is relatively flexible. Longzhong expects that the domestic POM market will operate weakly in the short term.

IV. Data Calendar