Price trend

According to the data monitoring of SunSirs, the average price of paraformaldehyde (96) in Shandong area was 4,716 RMB/ton at the beginning of the week, and the average price was 4,853 RMB/ton at the weekend, down 2.83%.

Analysis review        

Product: Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the price of paraformaldehyde (96) is 4,450 RMB / t including tax, which is 100 RMB / t lower than last week. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the price of paraformaldehyde (96) is 4,500 RMB / t with tax, which is 100 RMB/ton lower than last week. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the price of paraformaldehyde (96) is 4,800 RMB/ton with tax, which is 200 RMB/ton lower than last week. Demand for downstream resins and pesticides is stable.

Industrial chain: The upstream methanol situation is reflected in the domestic methanol market's ups and downs. As of November 20, the average domestic methanol market price was 2086 RMB/ton. Prices fell 11.23% month-on-month from the same period last month, and fell 21.76% year-on-year from the same period last year.

Market outlook

The paraformaldehyde analyst of SunSirs believes that there are signs of probes in the raw methanol market and there is limited room for paraformaldehyde to fall.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.