Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong has risen recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 4m650.00 RMB/ton. At the weekend, the average production price of paraformaldehyde in Shandong was 4,712.50 RMB/ton, up 1.34%, down 2.84% month on month, and down 11.92% year on year.

Analysis review

Upstream methanol situation: The domestic methanol market situation was sorted out. The ex factory price of methanol in the southern region of Shandong was referenced to be around 2,100 RMB/ton, while the delivery price in Linyi was referenced to be around 2,160 RMB/ton. The local methanol factory in central Shandong offered a price of 2,250-2,250 RMB/ton for self delivered from the factory. The negotiated price range for methanol in the Dongying region of Shandong was 2,070-2,090 RMB/ton.

Market outlook

After the recent rise of methanol market, it was temporarily consolidated, with good cost support. Downstream procurement remained just in demand, and paraformaldehyde analysts from SunSirs predict that the price of paraformaldehyde may mainly rise slightly.

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