SunSirs: Paraformaldehyde Prices Fell This Week (June 14-18)
June 21 2021 14:17:29 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of paraformaldehyde this week was 5,766 RMB/ton at the beginning of the week, and the average price at the weekend was 5,700 RMB/ton, down 1.16%.
Analysis review
On June 15th, Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 5,700 RMB/ton, which was the same as the previous quotation. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 5,400-5,500 RMB/ton, which was about 100-200 RMB/ton lower than the previous quotation. 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 was 6,000 RMB/ton, which was 100 RMB/ton lower than the previous time. In summer, the market demand for paraformaldehyde weakened, and manufacturers lowered their quotations.
According to the monitoring of SunSirs, at the beginning of this week, the average price of domestic methanol production enterprises in Shandong area was 2,522 RMB/ton, and the average price of domestic methanol production enterprises in Shandong area this weekend was 2,540 RMB/ton, an increase of 0.69%.On June 15, the main closing price of methanol futures on the Zhengzhou Commodity Exchange was 2,514 RMB/ton, an intraday increase of 2.57%. The atmosphere in the domestic methanol spot market was picking up.
Market outlook
The demand for paraformaldehyde in the summer market weakens, and the upstream methanol market is picking up. The paraformaldehyde analysts of SunSirs predict that the decline of paraformaldehyde is limited.
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