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 4762.50 yuan/ton, and over the weekend, the average production price of polyformaldehyde in Shandong was 4775.00 yuan/ton, an increase of 0.26% and a year-on-year decrease of 9.26%.

Upstream methanol situation: The domestic methanol market is mainly volatile. Downstream olefin factories have reduced their purchases of methanol from mainland China, and the purchasing sentiment in the mainland market is also average, with a focus on maintaining essential procurement. Coal prices currently have no support for the market, and both mainland and port sources are showing an increasing trend. However, traditional downstream and MTO consumption levels are expected to weaken, and the supply-demand gap in the industry is further expanding. It is expected that the domestic methanol market will mainly operate weakly in the short term.

In recent times, the methanol market has been fluctuating, and cost support is still acceptable. Enterprises are producing normally, while downstream suppliers are maintaining essential procurement. Business Society’s polyformaldehyde analysts predict that prices may slightly increase as the main players.