Price trend

Recently, the price of paraformaldehyde in Shandong has fluctuated and consolidated. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,325.00 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 5,262.50 RMB/ton, a decrease of 1.17%, a month on month decrease of 2.32%, and a year-on-year decrease of 8.21%.

Analysis review

Upstream methanol situation: The domestic methanol market was fluctuating and declining. The raw material coal market was mainly on a wait-and-see basis, with a lack of positive support on the cost side. At the same time, the buying performance in the spot market was weak, and the methanol market was consolidated to be weaker. The factory quotation of enterprises in the central and eastern parts of Shandong was stable at 2,480-2,530 RMB/ton; The delivery price for Dongying and surrounding areas was around 2,430 RMB/ton. The mainstream production of methanol in the southern Shandong market was around 2,420 RMB/ton; The delivery price in Linyi area was around 2,450-2,470 RMB/ton.

Market outlook

Recently, the methanol market has been weak and declining, with poor cost support. Downstream demand is unlikely to change significantly in the short term. SunSirs's paraformaldehyde analysts predict that the price of paraformaldehyde may mainly decline slightly.

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