SunSirs: The Price of Paraformaldehyde in Shandong Fluctuated and Consolidated
March 10 2023 13:15:47 SunSirs (John)
Price trend
Recently, the price of paraformaldehyde in Shandong Province had fluctuated and consolidated. This week, the average production price of paraformaldehyde in Shandong Province was 5,362.50 RMB/ton, up 0.89% month-on-month and down 6.03% year on year.
Analysis review
Upstream methanol situation: the domestic methanol market fluctuated and consolidated, the price of raw coal fell back, and the cost side was negative for the methanol market. At the same time, the supply increased, the inventory accumulated, and there was no good news on the demand for a short time, and the methanol market fell back weakly. The ex-factory quotation of enterprises in the central and eastern part of Shandong was stable at 2,670-2,700 RMB/ton; The reference price for delivery to Dongying and surrounding areas was 2,620-2,640 RMB/ton. The methanol market in the south of Shandong Province was 2,600-2,650 RMB/ton; The receiving price in Linyi was 2,650-2,670 RMB/ton.
Market outlook
The recent methanol market has not fluctuated much, the cost support is general, and the downstream demand is difficult to change significantly in a short time. The paraformaldehyde analysts of SunSirs predict that the price of paraformaldehyde may fall slightly mainly.
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