Price trend

According to the Commodity Market Analysis System of SunSirs, the price of paraformaldehyde in Shandong fell in September. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 5,487.50 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 5,300.00 RMB/ton, a decrease of 3.42%, and a year-on-year decrease of 1.24%.

Analysis review

Upstream methanol situation: In September, the domestic methanol market first fell and then rose. The reason for the previous decline was the weakening of the methanol futures market, which affected the cautious mentality of traders. The speed of picking up methanol slowed down, and the inventory of production enterprises increased, and the domestic methanol market narrowly weakened. The reason for the later increase was that the raw coal provided strong support, downstream demand was relatively stronger, and pre holiday stocking and downstream product operating rates were both somewhat positive.

Market outlook

Recently, the domestic methanol market was mainly fluctuating and declining, and cost support was poor. Downstream remained in needed, and analysts from SunSirs Paraformaldehyde expect paraformaldehyde prices may mainly decline slightly.

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