According to the commodity market analysis system of the business community, the price of Paraformaldehyde in Shandong has risen recently. At the beginning of the week, the average production price of Paraformaldehyde in Shandong was 4650.00 yuan/ton. At the weekend, the average production price of Paraformaldehyde in Shandong was 4712.50 yuan/ton, up 1.34%, down 2.84% month on month, and down 11.92% year on year.

Upstream methanol situation: The domestic methanol market situation has been sorted out. The ex factory price of methanol in the southern region of Shandong is referenced to be around 2100 yuan/ton for cash exchange, while the delivery price in Linyi is referenced to be around 2160 yuan/ton for cash exchange. The local methanol factory in central Shandong offers a price of 2250-2250 yuan/ton for self delivery from the factory. The negotiated price range for methanol in the Dongying region of Shandong is 2070-2090 yuan/ton.

After the recent rise of methanol market, it was temporarily consolidated, with good cost support. Downstream procurement remained just in demand, and Paraformaldehyde analysts from the business community predicted that the price might rise slightly.