According to the commodity market analysis system of Business Society, the price of polyformaldehyde in Shandong has been fluctuating and consolidating recently. This week, the average production price of polyformaldehyde in Shandong was 4762.50 yuan/ton, a decrease of 2.81% month on month and 10.98% year-on-year.

Upstream methanol situation: The domestic methanol market is operating with a narrow upward trend. During the week, there were relatively few socially available spot goods, coupled with the impact of weather and other factors on unloading speed. At the same time, the transportation cost from the northwest production area to the sales area market increased, leading to a significant increase in domestic methanol prices. As supply gradually recovers, downstream receiving sentiment is average, and the market is mainly wait-and-see.

Recently, the price of raw material methanol has risen, with good cost support. However, downstream procurement remains in high demand, and the holiday is approaching. Business Society’s polyformaldehyde analysts predict that the price may fluctuate slightly.