SunSirs: The Price of Paraformaldehyde Rose in Shandong
July 28 2023 11:24:29 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong rose in July. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 4,650.00 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 5,325.00 RMB/ton, up 14.52% and up 1.11% year on year.
Analysis review
Upstream methanol situation: In July, the domestic methanol market fluctuated and rose, and the recovery of multiple production units in the northwest region was delayed. The supply increase was less than expected, and multiple positive factors such as a good macro outlook were combined. The market mentality quickly improved, and prices rose strongly. The market mentality quickly improved, and prices rose strongly. Large MTOs in Zhejiang were actively inquiring about US dollar supply, and market demand was expected to improve. The atmosphere was boosted, and the domestic methanol market atmosphere had significantly increased, with prices continuing to rise.
Market outlook
Recently, the domestic methanol market was dominated by narrow range consolidation, cost support was acceptable, downstream demand was good, and procurement was proactive. The paraformaldehyde analysts of SunSirs predict that the paraformaldehyde price will mainly rise slightly.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-19 SunSirs: The Price of Paraformaldehyde in Shandong Increased
- 2024-04-12 SunSirs: Shandong Paraformaldehyde Price Fluctuated and Consolidated
- 2024-04-08 SunSirs: The Paraformaldehyde Price in Shandong fluctuated and consolidated
- 2024-03-29 SunSirs: Shandong Paraformaldehyde Price Fluctuated and Consolidated
- 2024-03-22 SunSirs: ThePrice of Paraformaldehyde in Shandong Fluctuated Narrowly
