Price trend

According to the monitoring of SunSirs, the average production price of paraformaldehyde in Shandong on April 28 was 5,666 RMB/ton, and the average production price of paraformaldehyde in Shandong on April 22 was 5,700 RMB/ton, down 0.58%.

Analysis review

On April 25th, Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, quoted an ex-factory price (including tax) of 5,700 RMB/ton for paraformaldehyde (96), and the price dropped by 100 RMB/ton from last week. Due to the epidemic, market shipments were hindered. On April 25, Shandong Formaldehyde Industry Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, quoted a price of 5,800 RMB/ton for paraformaldehyde (96), and the quotations were flat compared to the beginning of the month, the quotations from manufacturers were firm, and the paraformaldehyde market was acceptable. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 5,500 RMB/ton. The manufacturer's quotation was firm, and the goods were acceptable this week.

According to the monitoring data of SunSirs, the average price of domestic methanol of producers was 2,745 RMB/ton on April 28, and the average price of domestic methanol of producers was 2,835 RMB/ton on April 22, down 3.17%.

Market outlook

The methanol market continues to weaken. Due to the epidemic, the paraformaldehyde market is not running smoothly. The paraformaldehyde analyst of SunSirs predicts that the paraformaldehyde may be down weakly.

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