SunSirs: Shandong Paraformaldehyde Price Was Consolidated
December 15 2022 10:29:34 SunSirs (John)
Price trend
On December 1, the average production price of paraformaldehyde in Shandong was 5,433.33 RMB/ton, and on December 14, the average production price of paraformaldehyde in Shandong was 5,416.67 RMB/ton, down 0.31%. It fell 14.92% year on year.
Analysis review
Upstream methanol situation: domestic methanol market fluctuated, mainly due to supply and demand. In terms of supply, most production enterprises focused on de stocking, and traditional downstream enterprises also had early parking performance, resulting in weak overall demand performance.
Market outlook
Recently, the methanol market had a trend of shock and decline, and the cost support was poor. In addition, the logistics in Shandong was not smooth. The paraformaldehyde analysts of SunSirs predict that the paraformaldehyde price may mainly fall slightly in shock.
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