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SunSirs: Shandong Paraformaldehyde Price Declined
May 26 2023 14:04:10SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of paraformaldehyde in Shandong decreased in May. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 5,162.50 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 4,925.00 RMB/ton, a decrease of 4.60%, and a year-on-year decrease of 8.80%.

Analysis review

Upstream methanol situation:

In May, the domestic methanol market declined, with the reference factory price of methanol in the southern region of Shandong being around 2,150 RMB/ton, and the reference delivery price in Linyi being around 2,190 RMB/ton. The local methanol factory in central Shandong quoted a price of 2,300 RMB/ton for self delivery from the factory. The negotiated price for methanol in the Dongying area of Shandong was between 2,160 and 2,170 RMB/ton. The market atmosphere continued to be weak. After the futures price fell below the integer threshold of 2,200 RMB/ton, the market sentiment became less confident. At the same time, the raw coal was still weak, the downstream demand was weak for a long time, the social inventory of the methanol market continued to accumulate, the source of imported goods also continued to pour in, and the spot market price of methanol dropped again and again.

Market outlook

Recently, the domestic methanol market was mainly declining. Cost support was poor, and paraformaldehyde followed the decline. SunSirs’ paraformaldehyde analysts predict that the price of paraformaldehyde may mainly decline slightly.

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

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