SunSirs: Shandong Paraformaldehyde Price Declined
September 22 2023 09:34:32 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the prices of paraformaldehyde in Shandong was fluctuating and declining recently. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,462.50 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 5,412.50 RMB/ton, a decrease of 0.92%, a month on month decrease of 0.23%, and a year-on-year decrease of 1.14%.
Analysis review
Upstream methanol situation: The domestic methanol market was on the rise, driven by demand, and the methanol market continued to improve, with a significant increase in order volume. The market atmosphere was relatively high, and shipments were smooth. In terms of supply and demand, there was a breakthrough in pre holiday stocking. Methanol analysts from SunSirs predict that the domestic methanol market will mainly experience fluctuations on a high level.
Market outlook
Recently, the methanol market was fluctuating and rising, and cost support was still acceptable. However, downstream demand was poor, and paraformaldehyde manufacturers were facing difficulties in shipping. Paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may decline slightly.
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