[POM Morning Update] Short-Term Domestic POM Market To Remain Stable And Weak

I. Key Points

1) Maintenance inspection plan for petrochemical plant

2) Slow circulation of market spot goods;

3) Poor follow-up on requirements.

Core LogicSpot inventory is being absorbed slowly, and actual transactions are negotiated flexibly.

2. Price List

Remarks:

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

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

3 The above RMB prices are all market prices including tax.

4 The prices for the two periods refer to the point-in-time prices of the two previous working weeks before this week, not the weekly average prices.

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

3. Market Outlook

Some petrochemical plants have low inventory levels, providing some support on the supply side. However, market trends are mixed, spot circulation is slow, and traders are relatively lacking in motivation. Some offers are difficult to conclude, with a negotiation space of 50-100 yuan/ton. End-user factories are operating at low capacity, with limited inventory digestion capability, and users are making sporadic purchases on a case-by-case basis. Longzhong forecasts that the domestic POM market will remain stable in the short term.

4. Data Calendar