Chart of Polyformaldehyde Market Price Trend

Recently, the price of polyformaldehyde in Shandong has fluctuated and consolidated. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 5325.00 yuan/ton, and on the weekend, the average production price of polyformaldehyde in Shandong was 5262.50 yuan/ton, a decrease of 1.17%, a month on month decrease of 2.32%, and a year-on-year decrease of 8.21%.

Upstream methanol situation: The domestic methanol market is fluctuating and declining, with the main focus on the consolidation of raw material coal market. The cost side lacks positive support, and the performance of spot gas buying is weak, resulting in a weak consolidation of methanol market. The factory quotation of enterprises in the central and eastern parts of Shandong is stable at 2480-2530 yuan/ton; The delivery price for Dongying and surrounding areas is around 2430 yuan/ton. The mainstream production of methanol in the southern Shandong market is around 2420 yuan/ton; The delivery price in Linyi area is around 2450-2470 yuan/ton.

Recently, the methanol market has been weak and declining, with poor cost support. Downstream demand is unlikely to change significantly in the short term, and analysts from the business company Polyformaldehyde expect prices to decline slightly.