The world’s largest polyformaldehyde brand leader in Korea Engineering (KEPITAL) recently issued a price increase letter: Since June 1, 2018, POM products have increased by US$0.3/kg, equivalent to RMB 1,906/ton, or by 10.89%. The POM price for F20-03 is between 17500-18500 yuan/ton. This month, the ex-factory price of Yuntianhua POM is raised by RMB 300/ton again. The surge in domestic prices started, and the market's center of gravity moved up. Currently, the price of Yuntianhua M90 is at 16,000 yuan. / Ton. May 17, Shenhua Ning Coal POM prices continue to increase.
According to market participants, in the second quarter, Longyu, Yankuang, Shenhua, Tangshan Zhonghao and other companies overhauled, and the supply of domestic POM market supplies will continue to tighten. In terms of demand, downstream companies encountered environmental pressure during April, but national policies Strongly support the new economy industry, upgrade the consumption structure, and maintain a steady market sentiment. It is expected that the downstream order index will expand steadily in the second quarter. Supported by foreign giants' price adjustments, the favorable factors for the maintenance of domestically produced material installations, and the POM market price under the guidance of traders’ bullish attitudes. The water will rise.
In listed companies:
Yuntianhua: It is the largest and the world's fifth largest POM enterprise with POM capacity of 90,000 tons/year.
Kailuan Co., Ltd.: The wholly-owned subsidiary Tangshan Zhonghao POM has a production capacity of 40,000 tons. It was put into production in January this year.