Price Trend

Shandong formaldehyde market remained stable this week, with an average price of 1166.67 yuan per ton. Current prices have fallen by 23.50% compared with last year, according to the Commodity List of Business Associations.

II. Market Analysis

Products: Domestic formaldehyde market price is stable. At the weekend, Hebei mainstream factory quotation is about 1030 yuan/ton, South China mainstream factory quotation is about 1150 yuan/ton, Shandong mainstream factory quotation is about 1080 yuan/ton, Jiangsu mainstream factory quotation is 1100 yuan/ton. Shandong Linyi Galaxy produces 120,000 tons of formaldehyde annually, and the content of formaldehyde is 36.7-37%. The market supply of formaldehyde is general, and the price of formaldehyde is stable.

Industry chain: The upstream methanol market is affected by high port inventory, and the actual demand is difficult to digest in a short time. The price at the beginning of the week is 2226.00 yuan/ton, and at the end of the week is 2190.00 yuan/ton, a decline of 1.58%. No cost support for formaldehyde, formaldehyde manufacturers temporarily wait and see, the market atmosphere is cold, downstream plate enterprises maintain just need to purchase, on-site trading is more cautious, formaldehyde prices remain stable.

3. Future Market Forecast

In recent days, the upstream methanol market has fallen under the pressure of port inventory, and the cost support is weak. The downstream market is affected by environmental protection inspection. In some areas, small and medium-sized plate enterprises start to decline or even shut down completely. Insufficient demand leads to the overall market turnover is light. Therefore, formaldehyde analysts of the business society chemical branch expect that the domestic formaldehyde price will be weaker in the near future.