Price trend

According to the data monitored by SunSirs, the average price of paraformaldehyde (96) in Shandong area at the beginning of this week was 4,433 RMB/ton, and the price at the weekend was 4,400 RMB/ton, down 0.75%.

Analysis review

Shandong Aldehyde Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde. The price of paraformaldehyde (96) ex-factory including tax was 4,600 RMB/ton, which was the same as last week. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9,000 tons of paraformaldehyde. The price of paraformaldehyde (96) ex-factory tax was 4,000 RMB/ton, which wais 100 RMB/ton lower than last week. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10,000 tons of paraformaldehyde. The price of paraformaldehyde (96) ex-factory was 4,600 RMB/ton, which was the same as last week. The sale of paraformaldehyde was still stable.

The upstream methyl alcohol situation, according to the price monitoring of the business community, liquid ammonia fluctuated widely in June, returning to a weak position at the end of the month, which was negative for paraformaldehyde prices; summer is the traditional low season for the downstream demand for paraformaldehyde, which drags down the market of paraformaldehyde.

Market outlook

To sum up, the analysts of paraformaldehyde of SunSirs believe that the paraformaldehyde price may fall.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.