SunSirs: Domestic Paraformaldehyde Prices Fell Tthis Week（August 3-7）
August 10 2020 15:02:32 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of paraformaldehyde (96) in Shandong this weekend was 4,400 RMB/ton, and the price at the beginning of the week was 4,433 RMB/ton, down 0.75%.
Analysis review
Shandong Aldehyde Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde. The ex-factory price of paraformaldehyde (96) including tax is 4,600 RMB/ton, which is the same as last week. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9,000 tons of paraformaldehyde. The ex-factory price of paraformaldehyde (96) including tax is 4,100 RMB/ton, which is the same as last week. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax is 4,500 RMB/ton, which is 100 RMB/ton lower than last week. The sales of paraformaldehyde remain general.
The upstream methanol situation, according to the price monitoring of SunSirs, the domestic methanol market price was 1,640 RMB/ton at the beginning of the week, and the domestic methanol market price at the weekend was 1,632 RMB/ton, a decrease of 0.46% during the week; the downstream market demand for paraformaldehyde was general.
Market outlook
To sum up, the paraformaldehyde analysts of SunSirs believe that the price of paraformaldehyde may be weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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