I. price trend

According to the data of the commodity list of the business association, the formaldehyde Market in Shandong Province recently fell. On December 9, the average price of formaldehyde was 1090.00 yuan / ton, and on December 10, the average price of formaldehyde was 1066.67 yuan / ton, down 2.14%. The current price is 19.80% lower than last year.

II. Market analysis

Products: the price of formaldehyde in domestic market has fallen. As of the 10th, the main factory quotation of Hebei is about 1000 yuan / ton, that of South China is about 1180 yuan / ton, that of Shandong is about 1020 yuan / ton, and that of Jiangsu is 1150 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock, formaldehyde Market Trading atmosphere cold, the enterprise shipping pressure increased, the price all the way down.

Industrial chain: the domestic methanol market is in stable operation, with slight adjustment in some areas. Most enterprises in the domestic market offer stable prices, and some units in Southwest China are shut down. Under the tight supply, the market price of methanol in this region has moved up, and some enterprises have stopped selling due to low inventory. In the port market, futures prices continue to move up, supporting the rise of spot prices. In the short term, we need to continue to pay attention to the changes in port inventory. Limited support for formaldehyde. The downstream market is affected by the environmental protection regulation, the overall operating rate has declined, the demand has shrunk substantially, and the price of formaldehyde has fallen all the way.

III. future forecast

Recently, methanol in the upper reaches has been sorted in a narrow range, with little fluctuation in cost, light market trading, and low operating rate in the lower reaches. Therefore, the formaldehyde analysts of the chemical branch of the business society predict that the domestic formaldehyde price or low level consolidation is the main trend in the near future.