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SunSirs: Paraformaldehyde Prices Increased This Week (September 14-18)
September 21 2020 17:20:27SunSirs(John)

Price trend

According to the monitoring of SunSirs, the average price of paraformaldehyde (96) in Shandong at the beginning of the week was 4,466 RMB/ton, and the average price on weekends was 4,500 RMB/ton, an increase of 0.75%.

Analysis review   

Shandong Aldehyde Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde. The ex-factory price of paraformaldehyde (96) is 4,600 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, paraformaldehyde (96) is quoted at 4,300-4,400 RMB/ton with ex-factory tax, which is an increase of RMB 100/ton from 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 4,600 RMB/ton including tax, which is the same as last week. The price of paraformaldehyde was adjusted in some areas, and the price was adjusted slightly. The sale of paraformaldehyde is acceptable.

According to the monitoring of SunSirs, the upstream methanol price rose slightly this week by 0.28%.

Market outlook

The upstream methanol market is fair, and the paraformaldehyde analyst of SunSirs believes that the price of paraformaldehyde may rise mainly.

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

 

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