Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong fell in June. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 4,850.00 RMB/ton. At the end of the month, the average production price of paraformaldehyde in Shandong was 4,662.50 RMB/ton, down 3.87% and down 13.39% year on year.

Analysis review

Upstream methanol situation: In June, the domestic methanol market first fell and then rose. The reason for the decline was due to the lower coal prices, the support for methanol production costs weakened, traditional demand entered the off-season, with weak demand. At the same time, some methanol parking devices have recovered, and new investment devices such as Xuzhou Longxingtai and Jiyang New Energy had plans to put into operation in the near future. Overall, the supply in the mainland market was still relatively sufficient. The reason for the increase in late June was the rebound in coal prices, cost support was good, and the methanol market rose following the cost.

Market outlook

Recently, the domestic methanol market was dominated by narrow range consolidation, with poor cost support. The transaction of paraformaldehyde was light, and paraformaldehyde analysts of SunSirs predict that the paraformaldehyde price will mainly fall slightly.

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