SunSirs: Paraformaldehyde Prices Were Stable This Week (January 4-8)
January 11 2021 13:48:30 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of paraformaldehyde this week was 5,333 RMB/ton, and the quotation was temporarily stable.
Analysis review
Shandong Aldehyde Chemical Co., Ltd. has an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 5,400 RMB/ton including tax, 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 price of paraformaldehyde (96) was 5,300 RMB/ton including tax, 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 price of paraformaldehyde (96) was 5,400 RMB/ton including tax, which wa the same as last week. The paraformaldehyde market was acceptable, and the manufacturers offered stable prices.
According to the monitoring data of SunSirs, this week’s domestic methanol market was weak. According to the monitoring data of SunSirs, the average price of methanol producers in Shandong at the beginning of the week was 2,282 RMB/ton, and the average price of methanol producers in Shandong during the weekend was 2,270 RMB/ton, the price fell by 0.55% during the week.
Market outlook
Affected by the weak operation of the raw material methanol market, the paraformaldehyde analyst of SunSirs predicts that the price of paraformaldehyde may decline.
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