Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had risen recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 4,712.50 RMB/ton. At the weekend, the average production price of paraformaldehyde in Shandong was 5,075.00 RMB/ton, up 7.69%, up 7.12% month on month, and down 5.14% year on year.

Analysis review

Upstream methanol situation: The domestic methanol market situation had been sorted out. The ex factory price of methanol in the southern region of Shandong was referenced to be around 2,310-2,330 RMB/ton in cash, while the delivery price in Linyi was referenced to be around 2,350-2,360 RMB/ton in cash. The local methanol factory in central Shandong offered a price of 2,400-2,400 RMB/ton for self delivery. The negotiated price range for methanol in the Dongying region of Shandong was 2,280-2,280 RMB/ton.

Market outlook

After the recent rise of methanol market, it was temporarily sorted out, cost support was good, downstream procurement was active, and shipment of paraformaldehyde was smooth. The paraformaldehyde analysts of SunSirs predict that the price of paraformaldehyde will mainly rise slightly.

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