[POM Morning Update] Short-Term Domestic POM Market Expected to Trade Sideways

I. Focus Points

Insufficient fundamental support.

Merchants are under significant pressure to ship goods.

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

Core LogicThe market continues to be weak, with sluggish buying and selling.

Price List

Note:

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

2 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 are the point prices of the past two working weeks before this week, not the weekly average prices.

5 The rise and fall are the month-on-month change values.  

Three, Market Outlook

Due to insufficient fundamental support and high inventory levels at petrochemical plants, short-term selling pressure is difficult to relieve, and the market inquiry atmosphere is relatively weak. Traders' operating mentality is relatively lackluster, with some offers still having a certain degree of negotiation space. End-user factories are primarily focused on digesting existing inventory, and user purchasing sentiment is low, making actual transactions difficult to achieve. Longzhong expects that the domestic POM market will operate sideways in the short term.

4. Data Calendar