Price trend
On November 17, the average production price of paraformaldehyde in Shandong was 5,433.33 RMB/ton, which was the same as last week. It fell 23.11% year on year.
Analysis review
Upstream methanol situation: The methanol market in East China was surging in shock, and the coal price was strong to support the production cost. In terms of spot goods, the supply in the domestic mainland market increased, and the port market continued to de stock mainly. The atmosphere of the domestic methanol market was good. The quotation in some regions was adjusted in a narrow range, but the adjustment was not large. The mainstream transaction was stable.
Market outlook
Recently, the methanol market has a volatile upward trend, with good cost support. However, the transportation in Shandong is not smooth, and the market turnover is poor. Paraformaldehyde analysts from SunSirs predict that the price may mainly rise slightly.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com