Price trend

According to the monitoring of SunSirs, the average price of paraformaldehyde was 4,866 RMB/ton at the beginning of the week, and the average price of paraformaldehyde was 5,000 RMB/ton on the weekend, and the quotation increased by 2.74%.

Analysis review

Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) is 4,800 RMB/ton including tax, which is the same as last week. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) is 5,200 RMB/ton including tax, which is 200 RMB/ton higher than last week. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) is 5,000 RMB/ton including tax, which is the same as last week. Manufacturers responded that paraformaldehyde was out of stock and the market demand was acceptable, and individual manufacturers raised their quotations.

According to the monitoring data of SunSirs, the raw material methanol, Shandong methanol rose 0.46% this week.

Market outlook

The paraformaldehyde analyst of SunSirs believes that, supported by upstream raw materials, paraformaldehyde may continue to increase.

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