Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong rose in July. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 4,650.00 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 5,325.00 RMB/ton, up 14.52% and up 1.11% year on year.

Analysis review

Upstream methanol situation: In July, the domestic methanol market fluctuated and rose, and the recovery of multiple production units in the northwest region was delayed. The supply increase was less than expected, and multiple positive factors such as a good macro outlook were combined. The market mentality quickly improved, and prices rose strongly. The market mentality quickly improved, and prices rose strongly. Large MTOs in Zhejiang were actively inquiring about US dollar supply, and market demand was expected to improve. The atmosphere was boosted, and the domestic methanol market atmosphere had significantly increased, with prices continuing to rise.

Market outlook

Recently, the domestic methanol market was dominated by narrow range consolidation, cost support was acceptable, downstream demand was good, and procurement was proactive. The paraformaldehyde analysts of SunSirs predict that the paraformaldehyde price will mainly rise slightly.

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