Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong has been fluctuating and consolidating recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 4,762.50 RMB/ton, and over the weekend, the average production price of paraformaldehyde in Shandong was 4,775.00 RMB/ton, an increase of 0.26% and a year-on-year decrease of 9.26%.

Analysis review

Upstream methanol situation: The domestic methanol market had mainly experienced slight fluctuations. Downstream olefin factories had reduced their purchases of methanol from mainland China, and the purchasing sentiment in the mainland market was also average, with a focus on maintaining essential procurement. Coal prices temporarily had no support for the market, and both mainland and port sources were showing an increasing trend. However, traditional downstream and MTO consumption levels were expected to weaken, and the supply-demand gap in the industry was further expanding. It is expected that the domestic methanol market will mainly operate to be weaker in the short term.

Market outlook

In recent times, the methanol market had been fluctuating, and cost support was still acceptable. Enterprises were producing normally, while downstream suppliers were maintaining essential procurement. SunSirs' paraformaldehyde analysts predict that paraformaldehyde prices may mainly increase slightly.

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