SunSirs: Paraformaldehyde Prices Stabilized Temporarily This Week (April 12-16)
April 19 2021 13:42:10 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of paraformaldehyde on April 16 was 5,966 RMB/ton, and the quotation was temporarily stable.
Analysis review
On April 12, Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 5,700 RMB/ton, which was 100 RMB/ton lower than the previous price. On April 12, Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 5,900 RMB/ton including tax, which was the same as last time. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 6,300 RMB/ton, which was the same as last time. According to the manufacturer's report, the raw materials were adjusted downward, and some manufacturers lowered their quotations. Paraformaldehyde market was fair, mainly used in pesticide resin.
According to the monitoring of SunSirs, the domestic methanol spot market has risen again recently. According to the monitoring of SunSirs, as of April 16, the average price of domestic methanol production enterprises in Shandong area was 2,390 RMB/ton, the price fell 1.44% month-on-month and rose 33.71% year-on-year.
Market summary and future forecast
The paraformaldehyde analyst of SunSirs predicts that the demand for paraformaldehyde is acceptable and the downside space is limited.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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