SunSirs: Shandong Paraformaldehyde Price Was Consolidated
December 02 2022 10:14:41 SunSirs (John)
Price trend
On December 1, the average price of paraformaldehyde production in Shandong was 5,433.33 RMB/ton, which was the same as last week. It fell 18.91% year on year.
Analysis review
Upstream methanol situation: domestic methanol market fluctuated slightly, mainly due to supply and demand. The supply was abundant, but the existing demand had not been significantly boosted, and the domestic methanol market will be mainly weak in the short term.
Market outlook
Recently, the methanol market had a trend of shock and decline, with poor cost support. In addition, the transportation in Shandong was not smooth, the market turnover was light. Paraformaldehyde analysts from SunSirs predict that the price of paraformaldehyde may fall slightly.
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