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SunSirs: Shandong Paraformaldehyde Price Fluctuated and Consolidated
April 12 2024 14:48:16SunSirs(John)

Price trend

According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had been fluctuating and consolidating recently. This week, the average production price of paraformaldehyde in Shandong was 4,775.00 RMB/ton, an increase of 0.79% month on month and a decrease of 8.83% year-on-year.

Analysis review

Upstream methanol situation: The domestic methanol market had seen a narrow decline. In terms of supply, global coal supply was stable, domestic imports had increased, and the increase in domestic demand was not enough to support coal prices to continue operating at high levels; In terms of demand, the temperature had risen, the civilian electricity load had fallen, and the overall pressure on power plant inventory was relatively small. As of April 11th, terminals mainly relied on long-term cooperative replenishment, and replenished warehouses according to demand. The demand for coal in the market was relatively flat, and the overall sentiment was more wait-and-see. It is expected that the short-term thermal coal market will maintain a volatile and weaker operation. The cost side of methanol was bearish for the market.

Market outlook

In recent times, the methanol market had been volatile and weaker, with poor cost support. Enterprises were producing normally, and downstream procurement was maintaining rigid demand. SunSirs' paraformaldehyde analysts predict that paraformaldehyde prices may mainly decline slightly.

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