According to the commodity market analysis system of Business Society, the price of polyformaldehyde in Shandong has been fluctuating and consolidating recently. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 4900.00 yuan/ton, and over the weekend, the average production price of polyformaldehyde in Shandong was 4850.00 yuan/ton, a decrease of 1.02% and a year-on-year decrease of 10.19%.
Upstream methanol situation: The domestic methanol market is operating in a narrow range. In terms of supply, global coal supply is stable, domestic imports have increased, and the increase in domestic demand is not enough to support coal prices to operate at high levels; In terms of demand, the overall pressure on inventory in power plants is relatively low. Currently, the terminal mainly relies on long-term cooperative replenishment, with on-demand replenishment. The demand for coal in the market is relatively flat, and the overall sentiment is wait-and-see. The short-term coal market maintains a weak operation. The cost side of methanol is influenced by bearish factors.
Recently, there has been a slight fluctuation in the methanol market, with average cost support. Downstream purchases are still in demand, and analysts from Shengyishe Polyformaldehyde predict that prices may decline slightly.
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