SunSirs: The Price of Polyformaldehyde Continued to Stabilize Last Week (September 16-20)
September 24 2019 13:58:30 SunSirs (John)Price trend
According to the monitoring of SunSirs, the average price of polyformaldehyde (96) in Shandong this week was 4,800 RMB/ton, and the price was stable.
Analysis review
Products: Shandong Aldehyde Industry Chemical Co., Ltd. produces 30,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4,800 RMB/ton with tax. The price is stable. Linyi Shengyang Chemical Co., Ltd. produces 9000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4800 RMB/ton with tax, and the price is stable. Zibo Qixing Chemical Technology Co., Ltd. produces 10,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4800 RMB per ton with tax. The price of the manufacturer is firm, and the demand of downstream resins and pesticides is general.
Industry chain: According to the price monitoring of SunSirs, the domestic methanol market continued to rise last week. At the beginning of last week, the average domestic methanol market price was 2098 RMB/ton, and at the end of the week it was 2180 RMB/ton, up 3.91%. The downstream demand for polyformaldehyde is general.
Market outlook
The price of raw material methanol has risen, and the market demand for polyformaldehyde is general. Polyformaldehyde analysts of SunSirs believe that the momentum of price rise of polyformaldehyde is weak.
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