Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong fluctuated and stabilized in April. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 4,762.50 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 4,825.00 RMB/ton, an increase of 1.31%, and a year-on-year decrease of 6.99%.

Analysis review

Upstream methanol situation: In April, the domestic methanol market rose, with a decrease in domestic methanol supply but little change in demand. In addition, some downstream companies began pre holiday stocking before the May Day holiday, and production enterprises continued to reduce inventory. The domestic methanol market continued to rise mainly. Equipment maintenance for CNOOC Chemical, Jiangsu Sopu, Inner Mongolia Rongxin, Datang Duolun, and Shanghai Huayi; Production reduction of Zhong'an United and Jiangsu Sopu equipment; Shandong Rongxin, Jiangsu Sopu, Guizhou Tianfu, and Anyang have successfully resumed installation. The loss was greater than the recovery, resulting in a decrease in capacity utilization. The supply side of methanol had favorable factors.

Market outlook

Recently, the price of raw material methanol hads risen significantly, and downstream maintaine purchases on demand. SunSirs' paraformaldehyde analysts predict that paraformaldehyde prices may fluctuate and rise mainly.

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