I. Price Trend Chart of Polyformaldehyde Market
According to the monitoring of business associations, the average price of polyformaldehyde in Shandong Province this week was 4,900 yuan/ton, and the price was stable for the time being.
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II. Market Analysis
Products: Shandong Aldehyde Industry Chemical Co., Ltd., with an annual output of 30,000 tons of polyformaldehyde, polyformaldehyde (96) ex-factory price of 4900 yuan/ton with tax, price stability. Linyi Shengyang Chemical Co., Ltd. produces 9,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4,800 yuan/ton with tax. The price has a downward trend. Weifang Xudong Chemical Co., Ltd. produces 20,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 5,000 yuan/ton with tax, and the price is stable for the time being. Influenced by environmental inspection factors, most manufacturers have stopped production. Market startup rate is declining, and the quotation of manufacturers is slightly firm.
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Industry chain: methanol upstream of polyformaldehyde, the price of July 22 was weakly lowered. The downstream demand for polyformaldehyde is general.
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.