According to the bulk commodity list data of Business Society, the recent market price of formaldehyde in Shandong has fluctuated and declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1223.33 yuan/ton, and at the end of the week, the average price of formaldehyde in Shandong was 1200.00 yuan/ton, a decrease of 1.91%. The current price has decreased by 15.94% compared to last year.
formaldehyde
Recently, the price of formaldehyde market in Shandong has fluctuated and dropped. It can be seen from the figure above that the recent market of formaldehyde mainly fluctuates slightly, and this week’s market has declined. As of April 6, the mainstream market value price in Shandong was 1130-1280 yuan/ton. This week, the price of raw material methanol fell weakly, and the market trading sentiment was average. Formaldehyde manufacturers showed a high willingness to maintain inventory and controllable shipments, resulting in a volatile market trend.
Upstream methanol situation: The domestic methanol market is fluctuating and declining, with the main focus on the consolidation of raw material coal market. The cost side lacks positive support, and the performance of spot gas buying is weak, resulting in a weak consolidation of methanol market. The factory quotation of enterprises in the central and eastern parts of Shandong is stable at 2480-2530 yuan/ton; The delivery price for Dongying and surrounding areas is around 2430 yuan/ton. The mainstream production of methanol in the southern Shandong market is around 2420 yuan/ton; The delivery price in Linyi area is around 2450-2470 yuan/ton.
Recently, the methanol market has been weak and declining, with poor cost support and weak demand from downstream sheet metal factories. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly fluctuate and decline in the near future.
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