SunSirs: Domestic Paraformaldehyde Prices Fell
September 28 2022 09:37:04 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average production price of paraformaldehyde in Shandong on September 27 was 5,366 RMB/ton, and the average production price of paraformaldehyde in Shandong on September 19 was 5,450 RMB/ton, down 1.53%.
Analysis review
Linyi Shengyang Chemical has an annual output of 9,000 tons of paraformaldehyde. On September 26, the ex-factory price of paraformaldehyde (96) including tax was 5,500 RMB/ton. The price was unchanged from last week, and the paraformaldehyde sales were general. Zibo Qixing Chemical has an annual output of 10,000 tons of paraformaldehyde. The price of paraformaldehyde (96) was 5,400 RMB/ton including tax, which was 100 RMB/ton lower than last week. The price of paraformaldehyde fell due to the price of methanol. Shandong Formaldehyde Industry Chemical has an annual output of 30,000 tons of paraformaldehyde, and the price of 96 paraformaldehyde was 5,200 RMB/ton. The price was unchanged from last week, and the paraformaldehyde sales were acceptable.
Market outlook
Affected by the price of methanol, the price of paraformaldehyde declined in some areas, and the market demand for paraformaldehyde was general. The paraformaldehyde analyst of SunSirs predicts that the price of paraformaldehyde may go down.
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