According to the Commodity Market Analysis System of the Business Society, the prices of polyformaldehyde in Shandong have been fluctuating and declining recently. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 5275.00 yuan/ton, and on the weekend, the average production price of polyformaldehyde in Shandong was 5225.00 yuan/ton, a decrease of 0.95%, a month on month decrease of 4.35%, and a year-on-year decrease of 3.83%.
Upstream methanol situation: The domestic methanol market has slightly declined, with most coal mines in the main production areas maintaining normal production and sales. Except for some mines that are still under rectification, the overall supply is basically stable. The cost of methanol is influenced by favorable factors. Affected by the trend of commodities, the methanol futures market fell, and the atmosphere in the mainland market quickly weakened, leading to a decline in the methanol market.
Recently, the methanol market has been weak and declining, with poor cost support. Downstream demand for procurement has been maintained, while polyformaldehyde manufacturers have maintained normal shipments. Polyformaldehyde analysts from the business community predict that prices may decline slightly.
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