SunSirs: Paraformaldehyde Prices Rose This Week（June 8-12）
June 15 2020 10:45:35 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of paraformaldehyde (96) in Shandong area was 4,333 RMB/ton at the beginning of this week, and 4,466 RMB/ton at the weekend, up 3.08%.
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) is 4,600 RMB/ton, which is 400 RMB/ton higher than last week. The manufacturers report that the supply is in short and the sales situation is particularly good. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9,000 tons of paraformaldehyde. The ex-factory quoted price of paraformaldehyde (96) is 4,200 RMB/ton, which is 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) is 4,600 RMB/ton, which is the same as last week. Paraformaldehyde as a whole is stable.
Industrial chain: The upstream methanol situation, the atmosphere is acceptable, the methanol market stopped falling, rebounded within a narrow range, according to the price monitoring of SunSirs, as of June 9, the domestic methanol market price was 1,650 RMB/ton, the price fell 4.49% from the same period last month. The price decreased by 24.45% year-on-year.
Market outlook
The market for raw material methanol stops falling, and the market trading atmosphere is good, which supports the paraformaldehyde. The paraformaldehyde analysts of the trading company believe that the price will continue to rise.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com
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