【POM Morning Update】Downstream users tend to buy on rising prices rather than falling, expecting POM to remain weakly stable.
One, Focus Areas
The inventory pressure of POM manufacturers is difficult to release.
The market trend continues to be weak.
3) Insufficient follow-up on demand orders.
Core LogicThe on-site inquiry atmosphere is weak, with light buying and selling activity.
Price List
product |
Region |
April 1st |
3 March 31st |
Rise and Fall |
Methanol |
Chongqing area |
2490-2580 |
2500-2600 |
-10/-20 |
POM |
Yuyao Yuntianhua M90 |
13400-13600 |
13800-14000 |
-400/-400 |
Note:
1 The prices of methanol and POM are based on mainstream market prices.
2 Two varieties are priced in RMB, unit: yuan/ton.
3 The prices in the above table are all market prices in RMB, including tax.
4 The two periods of price refer to the spot prices of the previous two working weeks before this week, not the weekly average prices.
5 The rise and fall are the month-on-month changes.
three 、 Market Outlook
The shipment situation in various regions has not improved significantly during the week. POM manufacturers are under pressure to release shipments, and the fundamental factors will be difficult to support in the short term.Operators are mostly maintaining a cautious and wait-and-see attitude, traders will continue to have the intention of offering discounts to clear inventory, downstream users have a mentality of buying on the rise rather than on the decline, and actual transactions will be limited.Loyal expects that the domestic POM market will remain weak in the short term.
IV. Data Calendar
Data Project |
Release Date |
Last period data |
The expected trend for this period. |
Capacity Utilization Rate |
Thursday 17:00 |
96.20% |
↓ |
Production profit rate |
Thursday 17:00 |
16.42% |
↓ |
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