According to the commodity market analysis system of Business Society, the price of polyformaldehyde in Shandong fluctuated and stabilized in April. At the beginning of the month, the average production price of polyformaldehyde in Shandong was 4762.50 yuan/ton, and at the end of the month, the average production price of polyformaldehyde in Shandong was 4825.00 yuan/ton, an increase of 1.31%, and a year-on-year decrease of 6.99%.
Upstream methanol situation: In April, the domestic methanol market rose, with a decrease in domestic methanol supply but little change in demand. In addition, some downstream companies began pre holiday stocking before the May Day holiday, and production enterprises continued to reduce inventory. The domestic methanol market continued to rise and operate mainly. The loss is greater than the recovery, resulting in a decrease in capacity utilization. The supply side of methanol is influenced by favorable factors.
Recently, the price of raw material methanol has risen significantly, and downstream demand for essential purchases has been maintained. Business Society’s polyformaldehyde analysts predict that prices may fluctuate and rise mainly.
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