Paraformaldehyde prices consolidate weakly

Recently, the price of paraformaldehyde has fluctuated and fallen. At the beginning of the week, the average price of paraformaldehyde in Shandong was 5,275.00 yuan/ton. At the weekend, the average price of paraformaldehyde in Shandong was 5,225.00 yuan/ton, a decrease of 0.95%, a month-on-month decrease of 4.35%, and a year-on-year decrease of 4.35%. down 3.83%.

Upstream methanol situation: The domestic methanol market has declined slightly. Currently, most coal mines in the main producing areas maintain normal production and sales. Except for some mines that are still in a state of rectification, the overall supply is basically stable. The cost of methanol is affected by favorable factors. Affected by the trend of commodities, methanol futures fell, the mainland market atmosphere weakened rapidly, and the methanol market fell.

The methanol market has been weak recently and cost support is poor. Downstream manufacturers maintain rigid purchases, and paraformaldehyde manufacturers maintain normal shipments. Hosea Chem paraformaldehyde analysts expect prices to fall slightly.