In March, the price of polyformaldehyde in Shandong fell. At the beginning of the month, the average production price of polyformaldehyde in Shandong was 5387.50 yuan/ton, while at the end of the month, the average production price of polyformaldehyde in Shandong was 5325.00 yuan/ton, down 1.16%, down 7.66% year-on-year.

Upstream methanol situation: In March, the domestic methanol market fluctuated slightly, and the overall coal market was temporarily stable in terms of cost. As the “peak season winter” draws to a close, the inventory of terminal power plants is steadily cashing in under the long-term agreement, and the power plants maintain the procurement of coal in the just needed market. The cost of methanol is mixed. Demand side, downstream acetic acid: Sinopec Great Wall expected maintenance, acetic acid demand may decrease; Downstream dimethyl ether: Yima Kaixiang plans to stop for 20 days on March 26, with demand for dimethyl ether decreasing; Downstream chloride: Shandong Dongyue is expected to stop for maintenance, and Luxi Chemical is expected to have a reduced load, resulting in a decrease in chloride demand. The methanol demand side is temporarily negative.

Recently, the domestic methanol market has mainly experienced a narrow decline, with poor cost support, and weak market transactions. Polyformaldehyde analysts from the business agency predict that the price may decline slightly.