SunSirs: The Price of Paraformaldehyde in Shandong Fluctuated and Consolidated
January 30 2023 09:39:25 SunSirs (John)
Price trend
In January, the price of paraformaldehyde in Shandong fluctuated and consolidated. The average production price of paraformaldehyde in Shandong was 5,416.67 RMB/ton, down 2.41% year on year.
Analysis review
Upstream methanol: The domestic methanol market rose in January, mainly due to supply and demand. In February, imports will decrease significantly. The first phase of methanol plant of Ningxia's main enterprises is planned to stop after the Spring Festival. There is an expectation of destocking at the port. The downstream recovery after the festival is promising, and the methanol market is expected to rise.
Market outlook
Recently, the methanol market has risen, the cost support is good, and the market transaction is expected to recover. The paraformaldehyde analyst of SunSirs expects that the price may rise slightly mainly.
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