[POM Morning Update] Short-Term Domestic POM Market To Observe and Consolidate

I. Key Points

1) The petrochemical plant has a maintenance plan.

2) Market shipment inventory pressure;

3) Demand shows weakness.

Core LogicThe inquiry atmosphere is relatively subdued, with flexible transactions.

Section 2: Price List

Note:

1 Methanol and POM both use mainstream market prices.

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

3 The above RMB prices are market tax-inclusive prices.

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

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

3. Market Outlook

The petrochemical plant has a short-term maintenance plan, and there is an expectation of tightening supply, which strengthens the support of the fundamentals. However, market inquiry sentiment is relatively dull, and transactions in various regions are relatively slow. Traders face pressure in operations, with some brands having a negotiation space of 100-200 yuan/ton. End-users purchase on demand, and their inventory digestion capacity remains limited, resulting in relatively flat buying and selling. Longzhong expects that the short-term domestic POM market will observe and consolidate.

4. Data Calendar