According to the commodity market analysis system of Business Society, the average price of polyformaldehyde in Shandong at the beginning of the year was 5400.00 yuan/ton, and at the end of the year, the average price of polyformaldehyde in Shandong was 4900.00 yuan/ton, a decrease of 9.26%. The lowest point was 4650.00 yuan/ton on July 2, and the highest point was 5487.50 yuan/ton on September 10, an increase of 18.01%.

Polyformaldehyde

The market situation of polyformaldehyde in Shandong Province in 2023 showed an N-shaped pattern. From the above chart, it can be seen that formaldehyde has been on an upward trend for three months in 2023, with the highest monthly increase in July reaching 15.05%. The increase in July is mainly due to good downstream demand, active procurement, and a shortage of polyformaldehyde supply, resulting in a significant increase in the polyformaldehyde market. Formaldehyde has been on a downward trend for 9 months in 2023, with the largest decline occurring in May, reaching 6.05%. The main reason for the decline is the continuous decline of raw material methanol, with downstream production at a low level and oversupply, leading to a weak decline in the market for polyformaldehyde.

Upstream methanol situation: In 2023, the domestic methanol market showed an “M” – shaped trend, with two obvious “ups and downs” cycles throughout the year. The “high point” of prices in February and March is mainly due to the joint support of costs and demand. Some coal mines have cleared their inventory in the early stage, and terminal procurement is relatively active. There is a significant increase in transportation vehicles, coupled with the impact of sudden related accidents. In the short term, coal prices may rise. Downstream acetic acid: demand for acetic acid may increase; Downstream chloride: chloride demand or decrease. The temporary storage of methanol demand is favorable. The methanol market has seen a dual positive rise. The lowest price is in mid June, and the support for methanol production costs has weakened. Traditional demand has entered the off-season, and demand is weak. At the same time, some methanol parking facilities have recovered. Overall, the supply in the mainland market is still relatively sufficient. From the above figure, it can be seen that methanol and formaldehyde have maintained the same curve throughout the year. The market trend of methanol has a guiding effect on polyformaldehyde.

Recently, the circulation of methanol has been restricted, and the market has shown a fluctuating upward trend. Cost support is good, and analysts from Shengyishe Polyformaldehyde predict that prices may slightly increase.