Price trend

According to the Commodity Market Analysis System of SunSirs, the price of paraformaldehyde in Shandong had been stable recently. This week, the average production price of paraformaldehyde in Shandong was 5,225.00 RMB/ton, a decrease of 1.42% month-on-month and a decrease of 3.83% year-on-year.

Analysis review

Upstream methanol situation: The domestic methanol market had slightly increased. As of October 26th, there was a possibility of a large downstream MTO device being put into operation, and the demand was good. In addition, macroeconomic benefits had also played a certain driving role. At the same time, port inventory had been significantly reduced, and the methanol market was gradually improving.

Market outlook

Recently, the methanol market had slightly increased, with good cost support. Downstream purchases remained in demand, while paraformaldehyde manufacturers maintained normal shipments. Paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may mainly increase slightly.

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