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 5,350.00 RMB/ton. At the weekend, the average production price of paraformaldehyde in Shandong was 5,425.00 RMB/ton, up 1.40%, down 2.68% month on month, and down 1.36% year on year.

Analysis review

Upstream methanol situation: The domestic methanol market had stabilized at a high level, while coal prices had risen narrowly, providing some support for market prices; Some traditional downstream devices experienced a narrow increase in operation, and demand had slightly improved. Short-term supply was abundant, cost support was stable, and downstream demand was gradually increasing. Methanol analysts from SunSirs predict that the domestic methanol market may rise again.

Market outlook

After the recent rise of methanol market, it was temporarily consolidated, with good cost support. Downstream procurement remained just in demand, and paraformaldehyde analysts from SunSirs predict that the paraformaldehyde price might mainly rise slightly.

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