According to the commodity market analysis system of Business Society, the price of polyformaldehyde in Shandong has recently increased. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 4825.00 yuan/ton, and on the weekend, the average production price of polyformaldehyde in Shandong was 4850.00 yuan/ton, an increase of 0.52%, and a year-on-year decrease of 4.20%.
Upstream methanol situation: The domestic methanol market is mainly experiencing a narrow upward trend. In recent times, there has been little contradiction in the fundamentals of methanol. The inventory of mainland sample enterprises is relatively low, and there is not much pressure on their shipments. In addition, some enterprises are outsourcing, resulting in a relatively high market atmosphere. The overall market is mainly strong. Downstream MTBE: After Yuhuang starts construction, it will affect next week’s production, leading to an increase in MTBE demand; Downstream chloride: After the shutdown and maintenance of mainstream factories in Shandong, the equipment returned to normal, and the demand for chloride increased; The short-term domestic methanol market is mainly characterized by strong performance.
In recent times, the methanol market has shown an upward trend, and cost support is still acceptable. Downstream demand for procurement is maintained, and polyformaldehyde enterprises are arranging orders for shipment. Polyformaldehyde analysts from Business Society predict that prices may slightly increase.
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