SunSirs: The Price of Paraformaldehyde in Shandong Fluctuated and Consolidated
February 17 2023 09:50:36 SunSirs (John)
Price trend
Recently, the price of paraformaldehyde in Shandong has consolidated. The average production price of paraformaldehyde in Shandong this week was 5,350.00 RMB/ton, down 1.11% month-on-month and down 5.76% year-on-year.
Analysis review
Upstream methanol: the domestic methanol market declined slightly, with the mainstream ex-factory price of methanol in southern Shandong at 2,600 RMB/ton, and some ex-factory prices around 2,500 RMB/ton; The delivery price in Linyi was 2,550 RMB/ton. The ex-factory quotation of enterprises in central and eastern Shandong fell 80 RMB to 2,470-2,500 RMB/ton; The reference price of Dongying and surrounding areas was 2,450 RMB/ton.
With the end of the holiday, some coal mines began to resume work and production, and the output picked up slightly. The terminal power plants were in a weak purchasing mood under the support of long-term cooperative coal. The non-electric terminal raw coal was consumed during the holiday, and the demand for replenishment was released slightly recently. In the short term, the power coal price is mainly stable. he cost of methanol is good temporarily.
Market outlook
Recently, the methanol market was volatile and lower, and the cost support was poor. After the Lantern Festival, it was difficult for downstream demand to change significantly in a short time, and paraformaldehyde analysts of SunSirs predict that the price of paraformaldehyde may mainly fall slightly.
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