According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1206.67 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1216.67 yuan/ton, an increase of 0.83%. The current price has decreased by 12.68% compared to last year.
formaldehyde
Recently, the price of formaldehyde in the Shandong region has fluctuated and increased. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, with a slight rebound this week. As of October 18th, the mainstream market price in Shandong region is 1120-1330 yuan/ton. This week, the price of raw material methanol showed a slight downward trend, with poor cost support. Downstream purchases remained in demand, while transactions in the formaldehyde market were flat, with mixed market fluctuations and consolidation.
Upstream methanol situation: The domestic methanol market has slightly declined, with most coal mines in the main production areas maintaining normal production and sales. Except for some mines that are still under rectification, the overall supply is basically stable. The cost of methanol is influenced by favorable factors. Affected by the trend of commodities, the methanol futures market fell, and the atmosphere in the mainland market quickly weakened, leading to a decline in the methanol market.
Recently, the methanol market has been weak and declining, with poor cost support. Downstream panel factories have maintained demand for procurement, while formaldehyde manufacturers have flat sales. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly decline in the near future.
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