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SunSirs: Paraformaldehyde Prices Were Lowered This Week (October 18-22)
October 26 2021 13:27:21SunSirs(John)

Price trend

According to the monitoring of SunSirs, on October 18, the average production price of paraformaldehyde in Shandong was 8,133 RMB/ton, and on October 22, the average production price of paraformaldehyde in Shandong was 8,066 RMB/ton, down 0.82%.

Analysis review

On October 18th, Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 8,000 RMB/ton including tax, which was the same as last time; Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 8,300 RMB/ton, and the price was 200 RMB/ton lower than last time; 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 7,900 RMB/ton, and the price was 100 RMB/ton lower than last time. The price of methanol has fallen, the price of paraformaldehyde has been lowered, and the market of paraformaldehyde is acceptable.

According to the monitoring data of SunSirs, from October 15 to 22, the average price of domestic methanol production enterprises in Shandong area fell from 4,480 RMB/ton to 3,825 RMB/ton, the price fell 14.26% during the cycle, and the price rose 21.43% month-on-month, up 97.93% year-on-year.

Market outlook

The methanol market is weak, and the paraformaldehyde analysts of SunSirs predict that the price of paraformaldehyde will be lowered.

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

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