Huafu Factory shares with you the latest methanol market conditions. Methanol is the raw material for making paraformaldehyde. After understanding the market price of methanol, you can have a clearer understanding of the market situation of paraformaldehyde.
From November 1st to 10th, the average price of East China ports in the domestic methanol market rose from 2,425 yuan/ton to 2,485 yuan/ton (approximately US$342.8/ton). During the cycle, prices increased by 2.47%, with a maximum asmplitude of 4.56%, a month-on-month increase of 1.46%, and a year-on-year decrease of 7.65%.
Some major production areas have added unplanned maintenance and load reduction equipment, and the supply in the region has decreased, which has significantly boosted the surrounding market sentiment. However, downstream enthusiasm for purchasing goods is average, and the increase in methanol prices is limited.
The market outlook predicts that raw coal prices will fluctuate, which may provide some support in terms of costs. Supply is expected to increase, demand may rise simultaneously, and the contradiction between supply and demand is still small. Huafu Chemicals predicts that the domestic methanol market will mainly recover and consolidate.
