Price trend

According to the Commodity Market Analysis System of the SunSirs, the prices of paraformaldehyde in Shandong were fluctuating and declining recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,275.00 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 5,225.00 RMB/ton, a decrease of 0.95%, a month on month decrease of 4.35%, and a year-on-year decrease of 3.83%.

Analysis review

Upstream methanol situation: The domestic methanol market had slightly declined. Most coal mines in the main production areas maintained normal production and sales. Except for some mines that were still under rectification, the overall supply was basically stable. The cost of methanol was influenced by favorable factors. Affected by the trend of commodities, the methanol futures market fell, and the atmosphere in the mainland market quickly weakened, leading to a decline in the methanol market.

Market outlook

Recently, the methanol market had been weak and declining, cost support was poor. Downstream maintained procurement that was just on demand, while paraformaldehyde manufacturers maintained normal shipments. Paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may decline slightly.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.