Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong fluctuated and stabilized in May. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 4,825.00 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 4,900.00 RMB/ton, an increase of 1.55%, and a year-on-year decrease of 0.51%.

Analysis review

Upstream methanol situation: In May, the domestic methanol market first rose and then fell. The reason for the increase was that some methanol plants in the main production areas were repaired as scheduled, and some plants were unexpectedly shut down, resulting in overall tight supply and driving the mainland market to rise. In mid month, the situation abroad was unstable, and the arrival volume of methanol at ports was affected. The inventory in ports and mainland China was relatively low, and downstream procurement was still in demand. The tight supply situation led to a significant increase in the methanol market. The decline was due to the gradual recovery of port supply and the gradual recovery of equipment in the northwest production area. The overall wait-and-see sentiment in the methanol market was strong, with moderate buying sentiment and mainly price fluctuations and declines.

Market outlook

Recently, the price of raw material methanol had fallen, and downstream demand for essential purchases had been maintained. SunSirs' paraformaldehyde analyst predicts that the paraformaldehyde price may fluctuate and fall mainly.

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