SunSirs: Shandong Paraformaldehyde Price Rose
August 30 2023 10:27:50 SunSirs (John)Price trend
According to the Commodity Market Analysis System of SunSirs, the price of paraformaldehyde in Shandong increased in August. 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 5,475.00 RMB/ton, an increase of 2.34%, and a year-on-year increase of 2.34%.
Analysis review
Upstream methanol situation: In August, the domestic methanol market fluctuated and rose, and the overall supply and demand structure of the chemical coal market still showed a loose trend. In addition, as the "peak summer" entered the second half, the terminal daily consumption gradually showed a seasonal decline trend. The cost side of methanol was influenced by bearish factors. Short term cost support was limited, supply changes were not significant, and demand was expected to increase. Methanol analysts from SunSirs predict that the domestic methanol market will tentatively rise.
Market outlook
Recently, the domestic methanol market was mainly on the rise, with good cost support. Downstream maintained rigid demand, and paraformaldehyde analysts from SunSirs expect paraformaldehyde prices to rise slightly.
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