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SunSirs: The Price of Paraformaldehyde in Shandong fluctuated and consolidated

March 14 2024 11:01:33     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 4,737.50 RMB/ton, a year-on-year decrease of 12.06%.

Analysis review

Upstream methanol situation: The domestic methanol market was operating in consolidation. 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 continue operating at high levels; In terms of demand, the temperature had risen, the civilian electricity load had fallen, and the overall pressure on power plant inventory was relatively small. As of March 13th, terminals mainly relied on long-term cooperative replenishment, and replenished warehouses according to demand. The demand for coal in the market was relatively flat, and the overall sentiment was more wait-and-see. The short-term thermal coal market may maintain a volatile and weaker operation. The cost side of methanol was negative for the market.

Market outlook

Recently, the price of raw material methanol had slightly increased, and cost support had improved. Downstream procurement remained on demand, and paraformaldehyde analysts from SunSirs predict that the price of paraformaldehyde may mainly increase slightly.

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