Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong has risen recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,075.00 RMB/ton. At the weekend, the average production price of paraformaldehyde in Shandong was 5,275.00 RMB/ton, up 4.94%, up 11.35% month on month, and down 0.78% year on year.

Analysis review

Upstream methanol situation: The domestic methanol market was fluctuating and rising, with the resumption of multiple production units in the northwest region delayed, supply growth was less than expected, and a combination of multiple positive factors such as good macro perspective. The market mentality was rapidly improving, and prices were driving up. Large MTOs in Zhejiang were actively inquiring about US dollar supply, and market demand was expected to improve. The atmosphere was boosted, and the domestic methanol market atmosphere had significantly increased, and prices continued to rise.

Market outlook

Recently, the methanol market rose, with strong cost support, and paraformaldehyde kept pace with the rise. The paraformaldehyde analysts of SunSirs predict that the paraformaldehyde prices will mainly fluctuate and rise in the near future.

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