Price trend

According to the Commodity Market Analysis System of SunSirs, the prices of paraformaldehyde in Shandong have been fluctuating and declining recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,175.00 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 5,125.00 RMB/ton, a decrease of 0.97%, a decrease of 3.3% month on month, and a decrease of 5.67% year-on-year.

Analysis review

Upstream methanol situation: The domestic methanol market saw a narrow range consolidation and operation in. The expectation of olefin outsourcing has not been met, and market sentiment has rapidly weakened. However, there was good demand in Xinjiang, which to some extent supported shipments from the main production areas in the northwest, and there was not much pressure on methanol manufacturers in the northwest to ship; Methanol manufacturers in the Guanzhong region had a certain demand for shipment, and their prices decreased. With the support of good demand in surrounding markets, shipments were mainly smooth.

Market outlook

Recently, the methanol market has been fluctuating and consolidating, with average cost support and no significant improvement in downstream demand. Paraformaldehyde manufacturers are facing difficulties in shipping, and paraformaldehyde analysts from SunSirs predict that prices may decline slightly.

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