[POM Weekly Outlook] Short-Term Domestic POM Market to See Slight Rebound

1. Points of Attention

1) The manufacturer intends to raise prices.

2) The number of low-priced offers in the market has decreased.

3) There is a relatively high level of stockpiling activity among businesses.

Core LogicFundamental support has strengthened, flexible negotiations.

2. Price List Form

Remarks:

1 Methanol and POM both adopt mainstream market prices.

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

3 The above RMB prices are market prices including tax.

4 The prices for the two periods are the point-in-time prices from the previous two work weeks before this week, not the weekly average prices.

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

Three 、 Data Form

Four, Market Outlook

POM spot supply is tightening, and petrochemical plant inventories remain low. It is reported that there are plans for short-term price increases. Market inquiries are becoming more active, and sellers are less willing to sell at low prices. Some secondary and tertiary traders are more eager to restock, which will cause mainstream quoted prices to rebound and rise. Although there is no significant improvement in terminal demand, downstream users are influenced by the mentality of buying when prices rise and not buying when prices fall, leading to small orders being placed as needed.Flexible transactionLongzhong expects that the short-term domestic POM market will slightly rebound.

5. Data Calendar