SunSirs: The Price of Paraformaldehyde in Shandong Had Fallen
November 29 2023 15:11:57 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong fell in November. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 5,150.00 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 5,075.00 RMB/ton, a decrease of 1.46%, and a year-on-year decrease of 6.60%.
Analysis review
Upstream methanol situation: In November, the domestic methanol market was weak and consolidated, with weak coal prices and insufficient cost support. Although there was an expectation of a reduction in imports in December, overall imports remained at a high level, and supply side pressure remained. The total supply of methanol in the market was sufficient, and the downstream had entered the traditional off-season. For methanol, the main demand was for purchasing and the price was significantly reduced. SunSirs’ Methanol Analyst predicts that the domestic methanol market is mainly weak and consolidating.
Market outlook
In recent times, the domestic methanol market has been mainly fluctuating downward, with poor cost support. Downstream demand remained on demand, and paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may mainly decline slightly.
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