SunSirs: The Price of Paraformaldehyde in Shandong Fell
February 24 2023 11:09:17 SunSirs (John)
Price trend
In February, the price of paraformaldehyde in Shandong fell. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 5,350.00 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 5,240.00 RMB/ton, down 0.19%, down 4.64% year on year.
Analysis review
Upstream methanol situation: In February, the domestic methanol market fluctuated slightly, the coal price remained stable, and the supply of coal in the main production areas had been repaired and improved. Under the influence of negative factors such as high inventory in the middle and downstream links, the market demand lacked substantial factor support. The cost side of methanol temporarily had positive factor
Jingmen Yingde and a set of devices in Hebei were under maintenance. Jiangyou Wanli, Sichuan Daxing and Yunnan Yuntianhua hadbeen restored.. The overall loss was more than the recovery, and the capacity utilization rate fell. The methanol supply side was temporarily good.
Market outlook
Recently, the domestic methanol market was dominated by a narrow rise, with good cost support, and the market transaction was expected to recover. Paraformaldehyde analysts of SunSirs predict that the paraformaldehyde price may mainly rise slightly.
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