Methanol is an important raw material for the production of paraformaldehyde. This is the latest market conditions shared by Huafu Chemicals.
The domestic methanol market fluctuated within a narrow range. From March 31 to April 7 (as of 15:00 p.m.), the average price of the domestic methanol market in East China ports dropped from 2,561 yuan/ton to 2,446 yuan/ton. The price fell by 4.49% during the cycle, the price fell by 8.73% month-on-month, and 19.72% year-on-year. The raw coal market is running in a downturn, and the cost side lacks favorable support. At the same time, the performance of spot gas purchases is weak, and the methanol market is in a slump.
The market outlook predicts that cost support may be limited, supply is relatively abundant, and demand has not changed much. It’s predicted that the domestic methanol market is mainly weak.
