Paraformaldehyde market of China remained weak due to deterred market sentiments
This week, the average production prices of Paraformaldehyde in Shandong, China observed to be $887/ton. On 1 st Feb the average price trend was $876/ton with an increase of 1.2%. Feedstock Methanol production prices were also fell in February, where the prices were $424/ton in the starting week of Feb and fell to $416/ton with the declination of 1.96%. In Feb, the prices of Paraformaldehyde rise and then fell. On 22 Feb, Linyi Shengyang Chemical co. Ltd. with the annual output of 9000 tons of Paraformaldehyde quoted the ex-factory prices $918/ton and the prices remained unchanged. After Winter Olympics, enterprises gradually started working again and the downstream enterprises of Paraformaldehyde recovered with robust purchasing activities and the market trading environment was observed to be healthy. Feedstock Methanol market remained weak and were rebounded again towards the end of the month. The exports to Taiwan and Indonesia were heard to be operated moderately. Weak Methanol d...