[pom morning briefing] the short-term domestic pom market will experience narrow fluctuations

1. Points of Attention

1) Low inventory at the petrochemical plant;

2) The market offers are relatively firm;

3) The follow-up on terminal orders is slow.

Core logicThe fundamentals remain strong, with transactions as needed.

2. Price List Form

Remarks:

1 The mainstream market prices are used for methanol and POM.

2 The two varieties are priced in RMB, unit: yuan/ton.

3 The above-mentioned RMB prices are market prices including tax.

4 The prices for the two periods are the point-in-time prices from the previous two workweeks before this week, not the weekly average prices.

5 The rise and fall are month-on-month changes.  

Three, Market Outlook

The fundamentals of POM provide strong support, with no inventory pressure at petrochemical plants. Ex-factory prices remain firm, and there are no significant fluctuations in the mainstream market. Traders mainly sell according to market conditions, with individual grades having a negotiation space of 100-200 yuan/ton. However, end-user demand is sluggish, with no positive news to boost the market in the short term. Users are making sporadic purchases, and transactions are being negotiated. Longzhong expects that the domestic POM market will fluctuate within a narrow range in the short term.

4. Data Calendar