Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had recently fluctuated and fallen. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,000.00 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 4,975.00 RMB/ton, a decrease of 0.50%, a month on month decrease of 2.45%, and a year-on-year decrease of 8.15%.

Analysis review

Upstream methanol situation: In terms of supply, there was not much pressure on power plant replenishment, and there was a strong wait-and-see attitude. Most of the procurement plans had been postponed, resulting in low market activity. With the start of gas restrictions in Southwest China, there was a downward trend in domestic supply and demand, but there had been no significant change for the time being. SunSirs’ Methanol Analyst predicts that the domestic methanol market is mainly weak and consolidating.

Market outlook

Recently, the domestic methanol market had experienced a slight decline, with downstream maintaining procurement on demand and paraformaldehyde manufacturers shipping normally. SunSirs’ paraformaldehyde analysts predict that paraformaldehyde prices may mainly slightly decline.

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