Price trend

According to the Commodity Market Analysis System of SunSirs, the prices of paraformaldehyde in Shandong had been fluctuating and consolidating recently. This week, the average production price of paraformaldehyde in Shandong was 5,125.00 RMB/ton, a decrease of 6.39% month on month and 5.67% year-on-year.

Analysis review

Upstream methanol situation: the domestic methanol market was consolidated with a narrow range. On December 7th, the Shanxi coking plant was shut down for maintenance, and the coal price fluctuated weakly, with no cost support for the market. Domestic supply was gradually recovering, and downstream demand may change or be limited. Methanol analysts from SunSirs predict that the domestic methanol market may be in a weak position to consolidate and operate.

Market outlook

Recently, the methanol market was consolidating to be weaker, with average cost support. Downstream procurement remained in demand, and manufacturers were shipping normally. Paraformaldehyde Analysts from SunSirs expect that the prices of paraformaldehyde may mainly decline slightly.

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