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 4,875.00 RMB/ton. Over the weekend, the average production price of paraformaldehyde in Shandong was 4,896.00 RMB/ton, an increase of 0.51%, a month on month increase of 1.55%, and a year-on-year decrease of 2.00%.

Analysis review

Upstream methanol situation: The domestic methanol market was on the rise. On the cost side, the available resources at ports were gradually decreasing, especially due to the tight supply of some high-quality chemical coal. In addition, the market still had expectations for the upcoming peak season, and traders had a strong sentiment of price support. In mid month, most coal mines maintained normal production status, mainly focusing on fulfilling long-term agreements, and the coal supply was relatively stable. With the rise in temperature and the demand for electricity, downstream power plants may gradually replenish their warehouses, providing some support for coal prices. The cost of methanol influenced the market with favorable factors.

Market outlook

Recently, the methanol market had been fluctuating at a high level, and cost support was still acceptable. Paraformaldehyde production was normal, and paraformaldehyde analysts of SunSirs predict that paraformaldehyde prices may mainly slightly increase.

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