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SunSirs: Domestic Paraformaldehyde Quotations Were Stable (June 17-23)
June 24 2022 08:51:17SunSirs(John)

Price trend

According to the monitoring of SunSirs, the average production price of paraformaldehyde in Shandong on June 23 was 5,383 RMB/ton, and the quotation was stable.

Analysis review

Linyi Shengyang Chemical Co., Ltd. has an annual output of 9,000 tons of paraformaldehyde. The ex-factory price of paraformaldehyde (96) including tax was 5,500 RMB/ton. The price was the same as last time, and the paraformaldehyde sales were general. Shandong Formaldehyde Industry Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde. The price of 96 paraformaldehyde was 5,500 RMB/ton. The price was unchanged from the previous time. The paraformaldehyde market was acceptable.

According to the monitoring data of SunSirs, the average price of domestic methanol of producers was 2,712 RMB/ton on June 17, and the average price of domestic methanol of producers was 2,655 RMB/ton on June 23, down 2.12%. On June 17, the average price of formaldehyde of producers in Shandong was 1,293 RMB/ton, and on June 23, the average price of formaldehyde of producers in Shandong was 1,286 RMB/ton, down 0.15%.

Market outlook

The domestic methanol market fell this week. The quotations of paraformaldehyde companies are mainly firm, and the market is general. The paraformaldehyde analyst of SunSirs predicts that the paraformaldehyde may be lowered.

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

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