SunSirs: The Price of Paraformaldehyde in Shandong Fluctuated and Consolidated
March 17 2023 10:08:58 SunSirs (John)
Price trend
Recently, the price of paraformaldehyde in Shandong Province has 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: domestic methanol market was weak and consolidated. On the cost side, the production and sales of coal were normal in the coal producing areas, and the downstream power plants were mainly based on the fulfillment of long-term agreements. The purchase of non-electric enterprises had increased, and the market sentiment had eased. However, with the gradual warming of the temperature, the daily consumption of power plants had slowly declined. In the short term, the price of thermal coal may be narrow. The cost of methanol was temporarily negative.
Inner Mongolia Guotai, Ningxia and Yunnan each had one set of device for maintenance. Nanjing Chengzhi Plant reduced production. The recovery of Zhong'an United, Daqing Methanol Plant, Inner Mongolia Yuanxing, Xinjiang Zhongtai, Nanjing Chengzhi and Xinjiang Guanghui units. The overall recovery was more than the loss, and the capacity utilization rate increased. The methanol supply side was temporarily negative. The supply was relatively abundant, and the demand changes were limited. The methanol analyst of SunSirs predicted that the domestic methanol market was dominated by weak consolidation.
Market outlook
Recently, the methanol market had been weak and consolidated, the cost support was poor, and the downstream demand remained just in demand. The paraformaldehyde analysts of SunSirs predict that the price may mainly fall slightly.
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