Price trend

Recently, the price of paraformaldehyde in Shandong has been consolidated. The average production price of paraformaldehyde in Shandong was 5,400.00 RMB/ton, down 6.36% year on year.

Analysis review

Upstream methanol: The domestic methanol market fluctuated slightly, and methanol futures rose in shock, driving the domestic methanol spot market to perform well in the mainland. After the price of the production enterprises in the northwest of the main production area rose to more than 2,000 RMB/ton, Rongxin's auction continued to rise on the 5th, and it had been auctioned to 2,070 RMB/ton for delivery.

In terms of production enterprises, the market atmosphere has gradually improved. However, the domestic supply level of methanol may continue to maintain a high level, with no significant fluctuations in the short term. On the other hand, with the Spring Festival approaching, demand recovery, downstream goods preparation and orders have changed significantly.

Market outlook

The methanol market has fluctuated recently, with average cost support. As the Spring Festival is approaching, demand is poor, and paraformaldehyde analysts in SunSirs predict that the paraformaldehyde price may fall slightly mainly.

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