Price trend

According to the monitoring of SunSirs, the average price of paraformaldehyde production in Shandong was 5,366 RMB/ton on October 1, and 5,433 RMB/ton on October 24, up 1.24%.

Analysis review

Linyi Shengyang Chemical has an annual output of 9,000 tons of paraformaldehyde. On October 24, the price of paraformaldehyde (96) was not quoted temporarily. Affected by the closed epidemic situation, logistics was blocked. On October 17, the quotation was 5,600 RMB/ton, which was the same as that at the beginning of the month, and the polyformaldehyde market was generally sold. Zibo Qixing Chemical has an annual output of 10,000 tons of paraformaldehyde. The ex factory price of paraformaldehyde (96), including tax, was 55,00 RMB/ton, which is 100 RMB/ton higher than that in early September. The output of paraformaldehyde is not very high, and the delivery is OK. Shandong aldehyde chemical industry has an annual output of 30,000 tons of paraformaldehyde. The quotation of 96 paraformaldehyde was 5,200 RMB/ton, which is the same as that at the beginning of the month.

According to the monitoring of SunSirs, the domestic methanol market price fell 7.39% from October 1 to October 28. On October 27, the methanol market continued to decline, the coal price slightly loosened, the crude oil fluctuated, the supply side was abundant, the demand side did not improve, and the methanol market fell for two consecutive days.

Market outlook

The support of raw materials methanol is insufficient, and polyformaldehyde analysts of SunSirs predict that the price of polyformaldehyde may be lowered.

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