SunSirs: Paraformaldehyde Price in Shandong Declined
September 15 2023 10:34:27 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the prices of paraformaldehyde in Shandong were fluctuating and declining recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,487.50 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 5,462.50 RMB/ton, a decrease of 0.46%, a month on month decrease of 0.23%, and a year-on-year increase of 0.23%.
Analysis review
Upstream methanol situation: The domestic methanol market continued to decline, Inner Mongolia Chifeng Boyuan, Yulin Kaiyue, and two sets of devices in Shandong were on maintenance; Anhui Tanxin, Hebei Jinshi, Shaanxi Heimao, Wangcang Hezhong, and a set of device in Inner Mongolia had been restored. The overall recovery was greater than the loss, resulting in an increase in capacity utilization. The supply side of methanol had negative effect for the market. The cost was relatively weak, and in terms of supply and demand, there has been a breakthrough in pre holiday stocking. Methanol analysts from SunSirs predict that the domestic methanol market mainly fluctuate at high levels.
Market outlook
Recently, the methanol market was weak and declining, with poor cost support. Downstream procurement was mainly on demand, and paraformaldehyde manufacturers were actively shipping. Paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may mainly decline slightly.
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