SunSirs: The Price of Paraformaldehyde in Shandong Had Slightly Increased
May 09 2024 15:57:07 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had recently increased. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 4,825.00 RMB/ton, and on the weekend, the average production price of paraformaldehyde in Shandong was 4,850.00 RMB/ton, an increase of 0.52%, and a year-on-year decrease of 4.20%.
Analysis review
Upstream methanol situation: The domestic methanol market was mainly experiencing a narrow upward trend. In recent times, there had been little contradiction in the fundamentals of methanol. The inventory of mainland sample enterprises was relatively low, and there was not much pressure on their shipments. In addition, some enterprises were outsourcing, resulting in a relatively high market atmosphere. The overall market was mainly strong. Downstream MTBE: After Yuhuang started construction, it affected next week's production, leading to an increase in MTBE demand; Downstream chloride: After the shutdown and maintenance of mainstream factories in Shandong, the equipment returned to normal, and the demand for chloride increased; The short-term domestic methanol market is mainly stronger.
Market outlook
In recent times, the methanol market had shown an upward trend, and cost support was still acceptable. Downstream procurement was maintained on demand, and paraformaldehyde enterprises were arranging orders for shipment. Paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may slightly increase.
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