SunSirs: Paraformaldehyde Price in Shandong fluctuated and consolidated
February 02 2024 11:59:59 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had been fluctuating and consolidating recently. This week, the average production price of paraformaldehyde in Shandong was 4,762.50 RMB/ton, a decrease of 2.81% month on month and 10.98% year-on-year.
Analysis review
Upstream methanol situation: The domestic methanol market was operating with a narrow upward trend. During the week, there were relatively few socially available spot goods, coupled with the impact of weather and other factors on unloading speed. At the same time, the transportation cost from the northwest production area to the sales area market increased, leading to a significant increase in domestic methanol prices. As supply gradually recovered, downstream receiving sentiment was average, and the market was mainly wait-and-see.
Market outlook
Recently, the price of raw material methanol had risen, with good cost support. However, downstream procurement remained mainly in demand, and the holiday was approaching. SunSirs' paraformaldehyde analysts predict that the paraformaldehyde prices may fluctuate slightly.
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