Price trend
On November 4, the average price of polyformaldehyde production in Shandong was 5,433.33 RMB/ton, which was the same as last week and a year-on-year decrease of 24.88%.
Analysis review
According to the monitoring data of SunSirs, on November 4, the domestic methanol at port of East China was 2,851 RMB/ton, up 1.62% from the beginning of the week. Methanol market rose in shock, giving polyoxymethylene a certain cost support. However, due to the impact of public security incidents in Shandong recently, shipment was difficult, and shipments almost stopped. The polyoxymethylene market was consolidated.
Market outlook
Methanol market has risen recently, with good cost support. Polyformaldehyde analysts in SunSirs predict that the price may rise mainly.
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