Price trend
| Gamma Polyglutamic Acid |
According to the bulk list data of business society, the domestic POM market is deadlocked this week, and the spot prices of individual brands are reduced by a narrow margin. As of May 12, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 21966.66 yuan / ton, up or down – 0.30% compared with the average price level at the beginning of the month.
Cause analysis
Industrial chain: on the upstream side, the market of formaldehyde in Shandong fell this week, the market of raw methanol fell slightly, the cost support was general, the demand of downstream plate factories was flat, the shipment of formaldehyde manufacturers was not smooth, and the market fell. It is expected that the recent price of formaldehyde in Shandong will be dominated by weak decline.
| Gamma Polyglutamic acid Gamma PGA |
The upstream formaldehyde Market weakened and POM cost side support weakened. In terms of industry load, the operating rate of domestic POM enterprises increased in early May, and the two Tianye production lines resumed work. The improvement of port arrival is limited, and the market supply is still compact. At present, the inventory pressure of enterprises is small, and there are not many low-end sources of goods. However, the downstream demand continued to be weak, and buyers were more resistant to high price sources. They were cautious in preparing goods, and the main operation was to buy on bargain hunting to maintain production. The mentality of merchants is not strong, some offers fall, and small orders are mainly taken in the venue. Domestic health incidents still affect the logistics and transportation in East China, and some demand is affected.
Future forecast
Business analysts believe that: in early May, the domestic POM market was at a high stalemate, the upstream formaldehyde Market weakened, and the cost support of POM was general. The on-site supply is slightly tight, but the load of POM industry increases. Coupled with the poor load of downstream enterprises, there is no large-scale replenishment in procurement. The market supply has been reduced, and the demand follow-up is not timely. It is expected that the POM price may be adjusted in a narrow range in the short term.
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