Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong fell in January. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 4,900.00 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 4,762.50 RMB/ton, a decrease of 2.81%, and a year-on-year decrease of 11.81%.

Analysis review

Upstream methanol situation: In January, the domestic methanol market first fell and then rose. The decline at the beginning of the month was due to an increase in domestic supply, which led to a bearish market mentality. Some methanol production enterprises lowered prices and offered discounts to ship, but the upstream inventory was high and the purchasing sentiment was average, resulting in weak methanol procurement prices. The increase after mid month was due to the limited availability of circulating spot goods in society, combined with the impact of weather and other factors on unloading speed. At the same time, the transportation cost from the northwest production area to the sales area market had increased, leading to a significant increase in domestic methanol prices. As supply gradually recovered, downstream receiving sentiment was average, and the market was mainly wait-and-see.

Market outlook

Recently, the price of raw material methanol had slightly rebounded, and cost support was still acceptable. However, as the Spring Festival approaching, downstream demand was weaker. SunSirs' paraformaldehyde analysts predict that the price may fluctuate and consolidate mainly.

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