SunSirs: Paraformaldehyde Prices Continued to Weaken This Week (May 13-19)
May 20 2022 09:52:25 SunSirs (John)Price trend
According to the monitoring of SunSirs, the average production price of paraformaldehyde in Shandong on May 19 was 5,433 yuan / ton, and the average production price of paraformaldehyde in Shandong on May 13 was 5,500 yuan / ton, down 1.21%.
Analysis review
On May 19th, Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, quoted an ex-factory price of 5,500 yuan/ton for paraformaldehyde (96) including tax. The price was unchanged from last week, and the market was in general. Shandong Formaldehyde Industry Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, quoted 96 paraformaldehyde at 5,500 yuan / ton, which was 100 yuan/ton lower than the previous price. Dragged down by the raw material market, the paraformaldehyde market was acceptable. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the price of paraformaldehyde (96) including tax was 5,300 yuan / ton, which was 100 yuan / ton lower than the previous price.
According to the monitoring data of SunSirs, the average price of domestic methanol from producers was 2,745 yuan/ton on May 1, and the average price of domestic methanol from producers was 2,677 yuan/ton on May 19, down 2.46%. From May 1st to May 19th, the production price of formaldehyde in Shandong fell by 4.12%.
Market outlook
The raw material market is not good, and the paraformaldehyde analyst of SunSirs predicts that paraformaldehyde may run weakly.
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