SunSirs: The Price of Paraformaldehyde in Shandong Had Fallen
December 29 2023 11:24:52 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong fell in December. At the beginning of the month, the average production price of paraformaldehyde in Shandong was 5,062.50 RMB/ton, and at the end of the month, the average production price of paraformaldehyde in Shandong was 4,900.00 RMB/ton, a decrease of 3.21%, and a year-on-year decrease of 9.54%.
Analysis review
Upstream methanol situation: In December, the domestic methanol market first rose and then fell. In terms of supply, due to the impact of the cold wave, most parts of the country experienced a cliff like cooling, leading to a significant increase in daily consumption of power plants and an increase in terminal stage purchases. However, downstream acceptance of high priced market coal was limited, and transportation continued to be mainly based on long-term contract coal; The cold wave weather had to some extent boosted the consumption of electric coal, and there aere still expectations of an increase in daily consumption of power plants on the basis of high levels. Some terminal demand purchases with insufficient coal reserves continued to be released. SunSirs Methanol Analyst predicts that the domestic methanol market was mainly weak and consolidating.
Future analysis
In recent times, the domestic methanol market had been mainly fluctuating downward, with poor cost support. Downstream demand remained strong, and paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may mainly slightly decline.
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