SunSirs: Paraformaldehyde Prices Rose This Week (November 9-13)
November 16 2020 13:11:49 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of paraformaldehyde at the beginning of the week was 4,600 RMB/ton, and the average price of paraformaldehyde at the weekend was 4,700 RMB/ton. The offer rose by 2.17%.
Analysis review
Shandong Aldehyde Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde. The ex-factory price of paraformaldehyde (96) is 4,700 RMB/ton including tax, which is 100 RMB/ton higher than last week. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) is 4600-4700 RMB/ton including tax, which is 100 RMB/ton higher than last week. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10,000 tons of paraformaldehyde. The ex-factory price of paraformaldehyde (96) is 4,800 RMB/ton including tax, which is 100 RMB/ton higher than last week. The supply of paraformaldehyde in the market is tight, and manufacturers have raised their prices.
According to SunSirs’ monitoring data, the average price of methanol producers in Shandong at the beginning of this week was 1,990 RMB/ton, and the average price of methanol producers in Shandong this weekend was 2,110 RMB/ton, an increase of 6.03%.
Market outlook
The paraformaldehyde analyst of SunSirs believes that under the positive factors support, paraformaldehyde may be adjusted upward.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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