Business News Agency, May 17
Price trend
Recently, the domestic POM market has risen in a narrow range, and the prices of some brands have risen. According to the commodity market analysis system of the business community, as of May 13, the mixed price of domestic POM was 12800 yuan/ton, an increase or decrease of+0.79 from the price level on May 1.
Cause analysis
Raw materials:
domestic methanol The market was weak and volatile this week. In terms of supply, the global coal supply is stable, and the increase in domestic demand is not enough to support the higher coal price. In addition, the temperature rises, the civil power load drops, and the power plant consumption shrinks. At present, the terminal is mainly supplemented by long-term cooperation. The market demand for coal is relatively flat, and the overall mood is wait-and-see. The cost of methanol is affected by negative factors. The supply of goods continues to be abundant, while the downstream demand is relatively ordinary. In the supply and demand game, the price weakness is mainly sorted out, and the support for the POM market is loose.
Supply:
Recently, the operating rate of domestic POM enterprises has been significantly reduced, and the overall load has been reduced from 77% to 68%. Shenhua Ningxia Coal and Xinjiang National Industry have entered maintenance, and the supply is shrinking. At the same time, after previous digestion, the inventory position of the polymerization plant has declined. In addition, due to the high level of imported materials in the early stage, the manufacturers are more confident, and the pricing is trying to increase. In general, the pressure at the supply end is relieved.
Demand:
Domestic POM downstream enterprises have limited changes after the festival, about 60% or more. The stock situation is general, and most of them just need to get the goods to maintain production. The terminal factory mainly maintains the logic of digesting inventory, and the operation of picking up goods is cautious, and the circulation speed of goods in the yard is slow. The overall consumption level of the market is still weak at the early stage. On the whole, the demand side has poor support for the spot price of POM.
Future market forecast
This week, the trend of POM market is stable and rising. The operating rate of domestic polymerization plants has declined, the supply of goods in the future is expected to shrink, the pressure on the supply side has eased, and the follow-up of downstream consumption has remained weak, holding back the maintenance benefits. It is expected that the future market may be dominated by shocks.
(Source: Business Association)
Safe, fast and guaranteed futures account opening on Sina cooperation platform
Massive information, accurate interpretation, all in Sina Finance APP
