The Methanol Market has Dropped Significantly

Time: Apr 13, 2023

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.

 methanol for paraformaldhyde

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.

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