SunSirs: Paraformaldehyde Prices Temporarily Stabilized This Week (May 4-8)
May 12 2020 14:17:42 SunSirs (John)
Price trend
According to the large data monitoring of SunSirs, the average price of paraformaldehyde (96) in Shandong this weekend was 4,333 RMB/ton, and the price is temporarily stable.
Analysis review
Product: Shandong Aldehyde Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde. The ex-factory quoted price of paraformaldehyde (96) was 4,200 RMB/ton, which was the same as last week. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9,000 tons of paraformaldehyde. The ex-factory quoted price of paraformaldehyde (96) was 4,200 RMB/ton, which was the same as last week. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10,000 tons of paraformaldehyde. The ex-factory quoted price of paraformaldehyde (96) was RMB 4,600 / ton, which was the same as last week. Paraformaldehyde offers were temporarily stable.
Industrial chain: Upstream methanol situation, in April, the domestic methanol market continued to decline after a rebound. According to the price monitoring of SunSirs, the average domestic methanol market price was 1,600 RMB/ton at the beginning of the month, and the domestic methanol market price was 1,657 RMB/ton at the end of the month, with an increase of 3.59% during the month and a maximum amplitude of 11.88%. The price fell by 23.76% year-on-year.
Market outlook
Analysts of paraformaldehyde of SunSirs believe that paraformaldehyde may be stable operation mainly.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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