SunSirs: Bullish Factors Appear, Paraformaldehyde Rises Slightly

Price trend

According to the monitoring of SunSirs, the average price of paraformaldehyde in last week was 5,333 RMB/ton, and the average price of paraformaldehyde in this week (8.16-8.19) was 5,366 RMB/ton, an increase of 0.63%.

Analysis review

On August 16, 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 5,300 RMB/ton, which was the same as the previous quotation. On August 17, 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 RMB/ton, which was 100 RMB/ton higher 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 5,400 RMB/ton, which was the same as last quotation. Individual companies have been boosted by the recent rise in raw material methanol, and the price of paraformaldehyde has been adjusted. At present, the paraformaldehyde market is acceptable.

Some companies have overhauled, resulting in low inventory in the mainland, tight supply, and increasing orders. Recently, the domestic methanol market has risen within a narrow range. According to the monitoring of SunSirs, as of August 10-17, the average price of domestic methanol production enterprises in Shandong increased from 2,565 RMB/ton to 2,567 RMB/ton. The price increased by 0.10% during the cycle, the price rose by 0.88% month-on-month, and was up 58.49% year-on-year.

Market outlook

The paraformaldehyde market is acceptable. Recently, the raw materials have risen slightly. The paraformaldehyde analysts of SunSirs predict that the price of paraformaldehyde may rise.

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