SunSirs: Paraformaldehyde Is Still Weak and Difficult to Change in November

　　Price trend

　　According to the monitoring of SunSirs, on November 22, the average production price of paraformaldehyde in Shandong was 6,800 RMB/ton, and on November 1, the average production price of paraformaldehyde in Shandong was 7,500 RMB/ton, a decrease of 9.33%.

　　Analysis review

　　On November 22, Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 6,800 RMB/ton including tax, which was 200 RMB/ton lower than last week; Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 7,100 RMB/ton including tax, and the price was 200 RMB/ton lower than last week; Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 6,500 RMB/ton including tax, which was 400 RMB/ton lower than the previous time. On November 24, Weifang Xudong Chemical Co., Ltd., with an annual output of 15,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 7,300 RMB/ton including tax. Affected by the weak market of raw material methanol, paraformaldehyde is weak and difficult to change, and the sales of paraformaldehyde in the market are average.

　　According to the monitoring data of SunSirs, on November 24, the average price of domestic methanol production enterprises in Shandong area was 2,781 RMB/ton, and on November 1, the average price of domestic methanol production enterprises in Shandong area was 3,156 RMB/ton, down 11.88%.

　　Market outlook

　　Suppressed by the raw material market, the paraformaldehyde analysts of SunSirs predict that the price of paraformaldehyde may be weak in the near future.