Price trend

According to the commodity market analysis system of SunSirs, the recent price of paraformaldehyde in Shandong had dropped in shock. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 4,737.50 RMB/ton, and at the weekend, the average production price of paraformaldehyde in Shandong was 4,687.50 RMB/ton, down 1.06%, down 6.25% month on month, and down 12.93% year on year.

Analysis review

Upstream methanol situation: This week, the domestic methanol market was weak and sorted out. With the arrival of high temperature weather, there were signs of stabilizing coal prices on the cost side, but there was no significant improvement in the demand side, and the methanol cost side was still relatively negative. At the same time, the supply continued to increase, inventory was expected to continue to increase, and market confidence was insufficient. Downstream and traders mainly purchase daccording to demand. However, on the 21st, the methanol market rose. The ex factory price of methanol in the southern region of Shandong was set at around 2,010-2,030 RMB/ton, while the delivery price in Linyi was set at around 2,070-2,080 RMB/ton. The local methanol factory in central Shandong quoted a price of 2,150-2,180 RMB/ton for self delivery from the factory. The negotiated price range for methanol in the Dongying region of Shandong was 2,010-2,020 RMB/ton.

Market outlook

Recently, the methanol market was on the rise, with good cost support. The downstream market was still in demand, and paraformaldehyde manufacturers were actively shipping. The paraformaldehyde analysts of SunSirs predict that the price will rise slightly.

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