SunSirs: The Price of Paraformaldehyde in Shandong Had Fallen
March 08 2024 10:32:41 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. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 4,750.00 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 4,737.50 RMB/ton, a decrease of 0.26% and a year-on-year decrease of 12.06%.
Analysis review
Upstream methanol situation: The domestic methanol market was operating in a narrow range. In terms of supply, the supply continued to show a tightening trend combined with resonance from rainy and snowy weather, and downstream procurement demand was released in stages, resulting in a phased increase in coal prices recently. However, in the later stage, as coal mines resumed work comprehensively, the impact of extreme weather weakened, and supply and demand recovered and the market will return to a weak and stable trend. The short-term domestic methanol market price will mainly be consolidated.
Market outlook
Recently, the methanol market had experienced a slight decline, with unstable cost support. Downstream maintained purchases mainly on demand and paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may decline slightly.
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- 2024-03-29 SunSirs: Shandong Paraformaldehyde Price Fluctuated and Consolidated
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