According to the commodity market analysis system of SunSirs, the price of paraformaldehyde in Shandong had recently increased. At the beginning of the week, the average production price of paraformaldehyde in Shandong was 5,037.50 RMB/ton, and over the weekend, the average production price of paraformaldehyde in Shandong was 5,000.00 RMB/ton, an increase of 0.74%, a month on month decrease of 2.44%, and a year-on-year decrease of 7.69%.
Analysis review
Upstream methanol situation: The domestic methanol market was on the rise, downstream acetic acid: Dalian Hengli's new unit was expected to be put into operation, Hubei Hualu continued to increase its load, and the demand for acetic acid was increasing; Downstream Dimethyl Ether: Jiujiang Xinlianxin Dimethyl Ether Plant storage and operation plan, demand for dimethyl ether may increase; Downstream chloride: The Jiujiang Jiuhong plant had resumed normal production, and the demand for chloride had increased; Downstream formaldehyde: The maintenance of Zibo Dejuyicheng formaldehyde device had been completed, leading to an increase in formaldehyde demand; Downstream MTBE: The shutdown of Debao Road continued to affect production, and some manufacturers had reduced operating loads, resulting in a decrease in MTBE demand. The demand for methanol was mixed.
Market outlook
After the recent rise in the methanol market, it had temporarily consolidated and with good cost support. Downstream procurement remained in demand, and paraformaldehyde analysts from SunSirs predict that paraformaldehyde prices may increase slightly.
