According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1166.67 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1153.33 yuan/ton, a decrease of 1.14%. The current price has dropped by 4.42% compared to last year.
formaldehyde
Recently, the price of formaldehyde in the Shandong region has fluctuated and fallen. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, and this week the market continues to decline slightly. As of January 11th, the mainstream market price in Shandong region is 1060-1200 yuan/ton. This week, the price of raw material methanol fluctuated, with poor cost support. The Spring Festival is approaching, and downstream sheet metal factories are taking early leave. Demand continues to decline, and the formaldehyde market is mainly experiencing a slight decline.
Upstream methanol situation: The domestic methanol market is operating in a narrow range. In terms of supply, global coal supply is stable, domestic imports have increased, and the increase in domestic demand is not enough to support coal prices to operate at high levels; In terms of demand, the overall pressure on inventory in power plants is relatively low. Currently, the terminal mainly relies on long-term cooperative replenishment, with on-demand replenishment. The demand for coal in the market is relatively flat, and the overall sentiment is wait-and-see. The short-term coal market maintains a weak operation. The cost side of methanol is influenced by bearish factors.
Recently, the methanol market has been consolidating, with poor cost support. Downstream panel factories have been taking a break, and the formaldehyde operating rate has also continued to decline. Market trading has been light, so formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline in the near future.
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