SunSirs: The Price of Paraformaldehyde in Shandong Had Fallen
December 08 2023 10:51:46 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong has recently fluctuated and fallen. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,062.50 RMB/ton, and on weekends, the average production price of paraformaldehyde in Shandong was 5,037.50 RMB/ton, a decrease of 0.49%, a month on month decrease of 1.71%, and a year-on-year decrease of 7.00%.
Analysis review
Upstream methanol situation: The methanol market had rebounded and fluctuated. In terms of supply, global coal supply was stable, domestic imports had increased, and the increase in domestic demand was not enough to support coal prices to operate at high levels; In terms of demand, the overall pressure on inventory in power plants was relatively low. As of December 7th, the terminal mainly relied on long-term replenishment and replenished inventory according to demand. The demand for coal in the market was relatively flat, and the overall sentiment was wait-and-see. The domestic methanol market situation was mainly sorted out.
Market outlook
Recently, the domestic methanol market had experienced a slight decline, downstream maintained procurement on demand and paraformaldehyde manufacturers shipped normally. SunSirs’ paraformaldehyde analysts predict that paraformaldehyde prices may mainly decline slightly.
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