【POM Morning Update】Pressure on petrochemical plant shipments, POM market expected to weaken and decline

I. Focus Areas

POM Petrochemical Plant lowers ex-factory prices.

2) Traders continue to operate by passing on discounts.

3) Caution prevails among terminal participants.

Core logicDemand performance is weak, and transactions are average.

II. Price List

Note:

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

2. Two varieties are priced in RMB, with the unit: yuan per ton.

The RMB prices in the above table are all inclusive of tax.

The two-period prices refer to the spot prices from the previous two working weeks before this week, not the weekly averages.

5. The increase or decrease is the value of the month-on-month change. 

Three、Market Outlook

POM petrochemical plants are under pressure to ship inventory, and various manufacturers plan to reduce their ex-factory prices. The atmosphere in the market is pessimistic, with traders continuing to offer discounts. The main报价 will generally move lower. Given the weak terminal demand, downstream users are not very enthusiastic about stocking up, so follow-up purchases will be limited. Longzhong expects that the domestic POM market will weaken in the short term.