I. Price Trend Chart of Polyformaldehyde Market
According to the monitoring of business associations, the average price of polyformaldehyde at the beginning of the week was 4950 yuan/ton, while the average price at the end of the week was 4933 yuan/ton, down 0.34.
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II. Market Analysis
Products: Shandong Aldehyde Industry Chemical Co., Ltd. produces 30,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4,900 yuan/ton with tax, and the price is down 50 yuan/ton. Linyi Shengyang Chemical Co., Ltd. produces 9,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4,900 yuan/ton with tax. The price is stable for the time being. Linyi Ruiyin Chemical Co., Ltd. produces 6000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 5000 yuan per ton with tax. The price is stable for the time being. The market situation of polyformaldehyde nitric acid is still acceptable.
Industry chain: methanol upstream of polyformaldehyde, the domestic methanol market fell narrowly this week. At the beginning of the week, the average domestic methanol market price was 2 160 yuan/ton, and at the end of the week it was 2134 yuan/ton. The price of polyformaldehyde dropped by 1.20% during the week, which dragged down the price of polyformaldehyde. The downstream demand for polyformaldehyde is general.
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3. Future Market Forecast
To sum up, the analysts of polyformaldehyde in business associations believe that the market of polyformaldehyde in the short term will be dominated by the smooth operation of the weak market.