SunSirs: Paraformaldehyde Prices Fell Down This Week (December 16- 20)
December 23 2019 11:32:35 SunSirs (John)
Price trend
According to the data of SunSirs, this week the average price of paraformaldehyde (96) in Shandong area was 4,516 RMB/ton at the beginning of the week, and the average price was 4,483 RMB/ton on the weekend, a decrease of 0.74%.
Analysis review
Product: Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the price of paraformaldehyde (96) is 4,450RMB/ton including tax, and the offer is stable. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, paraformaldehyde (96) is quoting 4,200 RMB/ton from the factory, including tax. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10,000 tons of paraformaldehyde. The price of paraformaldehyde (96) at the factory is 4,800 RMB/ton, and the offer is stable.
Industrial chain: In the case of upstream methanol, the domestic methanol market declined weakly. The downstream market for pesticides was not good, demand fell, and some companies' quotations fell.
Market outlook
To sum up, the paraformaldehyde analysts of SunSirs believe that paraformaldehyde may continue to operate in a weak way.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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