Inventory is Rising – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Tue, 21 Feb 2023 09:12:45 +0000 zh-CN hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg Inventory is Rising – Amine Catalysts https://www.newtopchem.com 32 32 Demand is Weak, Inventory is Rising, POM Market is Stable but Weak in China https://www.newtopchem.com/archives/42590 Tue, 21 Feb 2023 09:12:45 +0000 https://www.newtopchem.com/archives/42590 　　According to the data of SunSirs, this week the POM market was adjusted and operated in a narrow range, and the spot prices of various brands were mainly stable. As of August 18, the ex factory price reference offer of POM injection molding grade sample enterprises of business community was about 18,733.33 RMB/ ton, up or down +1.81% compared with the average price at the beginning of the month.

　　Market analysis

　　Industrial chain: in terms of upstream formaldehyde, this week, the market price of formaldehyde in Shandong was weak and consolidated, and the market was basically stable. The domestic methanol market fluctuated at a low level, and the transaction was general. The traders just needed to replenish, and their mood was poor. The cost support is general, the downstream operating rate has not been greatly improved, the just needed purchase is maintained, the formaldehyde manufacturers have stable shipments, and the market is weak. The demand of wood panel factory is weak, and the price of formaldehyde is expected to fall slightly.

　　The upstream formaldehyde market is weak and the POM cost side is generally supported. In terms of industrial load, the load of domestic POM enterprises is relatively high recently. This week, Yuntianhua has a production line parking, but 80% of the industry’s operating rate leads to high supply, and the competition in the field is strong. The inventory of manufacturers and midstream is high, and the off-season market continues. The operating rate of terminal enterprises is generally restricted by profits or orders, and the operating rate is narrowed. The consumption of POM continues to lag. The main support point of spot price is still the cost. Terminal enterprises are cautious in purchasing operations, mainly taking small orders and resisting high-priced goods sources, and the operators have a heavy wait-and-see mood. There is a certain contradiction between supply and demand in the market, and the offer of the merchants is stable but drops secretly. The offer mainly follows the enterprise or follows the market.

　　Market forecast

　　China domestic POM market is stable but weak this week, the upstream formaldehyde market is weak and the POM cost is generally supported. The load of POM industry is high, and the support of supply side is poor. However, the consumption of downstream enterprises is weak, and there is no large-scale replenishment. It is expected that the price of POM will fall in the short term due to the continuous contradiction between supply and demand in China.

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