According to the Commodity Market Analysis System of the Business Society, the prices of polyformaldehyde in Shandong have been fluctuating and declining recently. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 5062.50 yuan/ton, and on the weekend, the average production price of polyformaldehyde in Shandong was 5037.50 yuan/ton, a decrease of 0.49%, a month on month decrease of 3.82%, and a year-on-year decrease of 8.41%.

Upstream methanol situation: The domestic methanol market is fluctuating and declining, with Jining’s methanol factory price reference being around 2300 yuan/ton for cash withdrawal, and Linyi’s delivery price reference being around 2350 yuan/ton for cash withdrawal. The local methanol factory in central Shandong quoted a price of 2400 yuan/ton for cash remittance, while the reference price for the methanol market in Dongying, Shandong is 2320-2330 yuan/ton for cash remittance.

Recently, the methanol market has been weak and declining, with poor cost support. The market for polyformaldehyde has also fallen, and polyformaldehyde analysts at the Business Society predict that prices may decline slightly.