According to the commodity market analysis system of the business community, the recent price of Paraformaldehyde in Shandong has dropped in shock. At the beginning of the week, the average production price of Paraformaldehyde in Shandong was 4737.50 yuan/ton, and at the weekend, the average production price of Paraformaldehyde in Shandong was 4687.50 yuan/ton, down 1.06%, 6.25% month on month, and 12.93% year on year.

Upstream methanol situation: This week, the domestic methanol market was weak and sorted out. With the arrival of high temperature weather, there are signs of stabilizing coal prices on the cost side, but there has been no significant improvement in the demand side, and the methanol cost side is still relatively empty. At the same time, the supply continues to increase, inventory is expected to continue to increase, and market confidence is insufficient. Downstream and traders mainly purchase according to demand. However, on the 21st, the methanol market rose. The ex factory price of methanol in the southern region of Shandong was set at around 2010-2030 yuan/ton for factory withdrawal in foreign exchange, while the delivery price in Linyi was set at around 2070-2080 yuan/ton for delivery in foreign exchange. The local methanol factory in central Shandong quoted a price of 2150-2180 yuan/ton for self delivery from the factory. The negotiated price range for methanol in the Dongying region of Shandong is 2010-2020 yuan/ton.

In the near future, the methanol market has a trend of rising, with good cost support. Downstream companies maintain just need to purchase, and Paraformaldehyde manufacturers are actively shipping. The Paraformaldehyde analysts of the business community predict that the price will rise slightly.