SunSirs: Paraformaldehyde Quotation Is Basically Stable

　　Price trend

　　According to the monitoring of SunSirs, the average production price of paraformaldehyde in Shandong this week is 5,400 RMB/ton, and the quotation is temporarily stable.

　　Analysis review

　　On August 23, Shandong Aldehyde Chemical Co., Ltd., with an annual output of 30,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 5,300 RMB/ton, which was the same as the last quotation. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) was 5,500 RMB/ton including tax, which was an increase of 100 RMB/ton from the previous time. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10,000 tons of paraformaldehyde, the ex-factory price of paraformaldehyde (96) including tax was 5,400 RMB/ton, which was the same as last time. The quotation of paraformaldehyde in Shandong is basically stable. Some manufacturers have raised their quotations for paraformaldehyde due to lack of stock, and the paraformaldehyde market is acceptable.

　　According to the monitoring of SunSirs, the average price of domestic methanol from production enterprises in Shandong area was 2,560 RMB/ton on August 13, and the average price of domestic methanol from production enterprises in Shandong area was 2,615 RMB/ton on August 25, an increase of 2.15%.

　　Market outlook

　　The paraformaldehyde market is acceptable. Supported by the raw material methanol, the paraformaldehyde analyst of SunSirs predicts that the price of paraformaldehyde will rise mainly.