Price trend
On December 1, the average production price of paraformaldehyde in Shandong was 5,433.33 RMB/ton, and on December 8, the average production price of paraformaldehyde in Shandong was 5,416.67 RMB/ton, down 0.31%. It fell 14.92% year on year.
Analysis review
Upstream methanol: The domestic methanol market continued to decline, crude oil fluctuated widely, and methanol futures suffered from weak shocks. In terms of spot goods, the operating rate of the production enterprises was basically stable. In order to actively remove inventory, the quotation of the manufacturer was reduced by about 50-100 RMB/ton. The traders and downstream customers were in a common mood to receive goods, mainly purchasing on demand.
Market outlook
Recently, the methanol market has a trend of shock and decline. The cost support is not good, and the pressure of paraformaldehyde shipment is large. Paraformaldehyde analysts in SunSirs predict that the price may fall slightly mainly.
