SunSirs: Shandong Paraformaldehyde Price Fluctuated and Consolidated
August 28 2023 10:36:51 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the prices of paraformaldehyde in Shandong were fluctuating and consolidating recently. This week, the average production price of paraformaldehyde in Shandong was 5,475.00 RMB/ton, an increase of 3.79% month on month and 3.30% year-on-year.
Analysis review
Upstream methanol situation: The methanol market was experiencing a narrow upward trend, early maintenance equipment gradually recovered and industry operating rates rebounded. At the same time, port inventory was gradually accumulating, and the supply side had bearish factors. On the other hand, most downstream product companies were in a period of lucrative profits, and the industry's operating rate was relatively strong. The supply and demand sides were in a game, and the methanol market had entered a stage of range fluctuations.
Market outlook
The recent fluctuations in the methanol market were limited, with a slight upward trend. Cost support was still acceptable, and paraformaldehyde was being shipped normally. Paraformaldehyde analysts from SunSirs predict that the paraformaldehyde price may mainly increase slightly.
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