Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had been fluctuating and consolidating recently. At the beginning of this week, the average production price of paraformaldehyde in Shandong was 4,850.00 RMB/ton. Over the weekend, the average production price of paraformaldehyde in Shandong was 4,875.00 RMB/ton, an increase of 0.52%, a month on month increase of 2.09%, and a year-on-year decrease of 2.99%.

Analysis review

Upstream methanol situation: The domestic methanol market had seen a narrow decline. In terms of supply, global coal supply was stable, domestic imports had increased, and the increase in domestic demand was not enough to support coal prices to continue operating at high levels; In terms of demand, the temperature had risen, the civilian electricity load had fallen, and the overall pressure on power plant inventory was relatively small. Currently, terminals mainly relied on long-term cooperative replenishment, and replenished warehouses according to demand. The demand for coal in the market was relatively flat, and the overall sentiment was more wait-and-see. It is expected that the short-term thermal coal market will maintain a volatile and weaker operation. The cost side of methanol was bearish for the market. The supply of goods continued to be abundant, while downstream demand was relatively average in a supply-demand game state. SunSirs, Methanol Analysts predict that in the short term, the domestic methanol market prices will be mainly weak and consolidating.

Market outlook

In recent times, the methanol market has been weak and volatile, with poor cost support. Paraformaldehyde production was normal, and orders were scheduled for shipment. Paraformaldehyde analysts of SunSirs predict that prices of paraformaldehyde may slightly decline.

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