Price trend
According to the monitoring of SunSirs, on October 9, the average production price of paraformaldehyde in Shandong was 6,900 RMB/ton, and on September 30, the average production price of paraformaldehyde in Shandong was 6,400 RMB/ton, an increase of 7.81%.
Analysis review
After the holiday, the quotations of paraformaldehyde companies in Shandong area rose again, which was mainly boosted by the positive methanol market, and downstream purchased mainly based on demand.
According to the monitoring data of SunSirs, the domestic methanol spot price on October 8 was 3,800 RMB/ton, an increase of 5.19% from the previous working day.
Market outlook
Under the power curtailment measures, the supply of paraformaldehyde is tight, and it is expected that paraformaldehyde still has room to rise.
