SunSirs: Poor Transportation, the Price of Paraformaldehyde in Shandong Was Stable
November 10 2022 09:56:43 SunSirs (John)
Price trend
On November 9, the average production price of paraformaldehyde in Shandong was 5,433.33 RMB/ton, which was the same as last week and a year-on-year decrease of 24.88%.
Analysis review
Upstream methanol: the market in East China rebounded at a low level, and the transaction was fair. Futures stopped falling and rebounded, production facilities of major enterprises in some regions stopped, supply decreased, and market buying atmosphere improved. The logistics in some regions was limited, but the demand was weak.
Market outlook
Recently, the methanol market has a callback trend, and the cost support is good. However, the transportation in Shandong is not smooth, and the market transaction is not good. The paraformaldehyde analysts of SunSirs predict that the paraformaldehyde price may rise slightly mainly.
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