According to the commodity market analysis system of the business community, the price of Paraformaldehyde in Shandong Province has recently dropped in shock. At the beginning of the week, the average production price of Paraformaldehyde in Shandong Province was 4850.00 yuan/ton, and at the weekend, the average production price of Paraformaldehyde in Shandong Province was 4775.00 yuan/ton, down 1.55%, 5.68% month on month, and 11.30% year on year.
Upstream methanol situation: The domestic methanol market is weak and the support for methanol production costs is weakened. The Baofeng unit is recovering, the supply in mainland China is increasing, and the local formaldehyde load is decreasing, resulting in a decrease in methanol demand. As prices decline, traders and downstream sentiment weaken accordingly. The ex factory price of methanol in the southern region of Shandong is referenced to be around 2130 yuan/ton in cash exchange, while the delivery price in Linyi is referenced to be around 2150-2170 yuan/ton in cash exchange. The local methanol factory in central Shandong quoted a price of 2150-2190 yuan/ton for self delivery. The negotiated price range for methanol in the Dongying area of Shandong Province is 2080-2090 yuan/ton.
Recently, the methanol market is weak and low, and the cost support is poor. It is difficult for downstream demand to change significantly in a short time. The Paraformaldehyde analysts of the business agency predict that the price may fall slightly.
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