POM Plummeted 7000! PA66, PC Fell 2000 Per Month

In mid-May, POM plastics experienced a "cliff-like" plunge. In just one month, the mainstream average price in the East China market fell by more than 2,200 CNY/ton!

The reason has an important relationship with the continuous decline of imported materials! At present, my country's POM mainly comes from imports, and because some countries strictly prohibit the transfer of production technology to my country, the improvement of my country's POM production technology is slow, and the import dependence on high-end POM products is strong. 

Judging from the prices of major mainstream brands in one month, domestic Yuntianhua took the lead in plummeting by 1150~2200 CNY/ton! Among the imported materials, DuPont of the United States is the most exaggerated. The 100P in the Dongguan market drops by up to 4,000 CNY/ton, and the 100P in the Yuyao market drops by up to 7,000 CNY/ton! In addition, there are not many terminal orders, and the overall POM is in a downward channel, and the mainstream decline is between 500 and 2600 CNY/ton!

The domestic POM market is bleak! The foreign market seems to be somewhat tight in supply. Recently, Celanese’s POM factory in Texas declared force majeure, which seriously affected the supply in North and South American markets. Overseas prices may continue to rise!

In addition, PA6, PA66, PC, ABS are also unavoidable!

In the East China market, PA66/Henan Shenma/EPR27 fell by 2028 CNY/ton in a single month;
In the East China market, PC/Taiwan Chi Mei/110 fell by 1873 CNY/ton in a single month;
In the East China market, PC/Lihua Yiweiyuan/WY-111BR fell by 1848 CNY/ton in a single month;
In the South China market, PC/Covestro/2805 fell by 1618 CNY/ton in a single month;
In the South China market, PC/Luxi Chemical/1609T fell by 810 CNY/ton in a single month;

Today, the quotations of the PA66 market aggregation factories and stockholders have generally been lowered by 500-1000 CNY/ton per day. The downstream demand is general, and the shipping pressure is relatively large.

The PC market price has been reduced across the board, and the manufacturer's quotation has been reduced by 50-600 CNY/ton. According to statistics, since September last year, the PC market has been falling. Take Covestro 2805 as an example. In September last year, it was 26,100 yuan per ton, and by June 10 this year, it had reached 20,100 yuan per ton, down. 6000 CNY/ton!

The upstream bisphenol A continues to drop and has fallen below the 15,000 CNY/ton mark. It is expected that the domestic PC market will continue to decline in the near future!

ABS as a whole fell more and rose less, and some manufacturers' quotations were lowered by 50-250 CNY/ton, and the overall transaction was weak. It is expected that the short-term market will maintain a negative trend.