According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has been fluctuating and declining recently. At the beginning of the week, the average price of formaldehyde in Shandong was 1170.00 yuan/ton, and at the beginning of the week, the average price of formaldehyde in Shandong was 1160.00 yuan/ton, a decrease of 0.85% compared to last week. The current price has dropped by 12.12% year-on-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 May 22, the mainstream market value price in Shandong was 1120-1200 yuan/ton. This week, the price of raw material methanol fluctuated slightly, with moderate support for formaldehyde. Downstream panel factories started smoothly, with moderate demand support on the market. Market trading sentiment was poor, and the formaldehyde market fell.

Upstream methanol situation: The domestic methanol market has significantly declined, and the market atmosphere continues to be weak. After the futures price fell below the integer threshold of 2200 yuan/ton, the market sentiment became less confident. At the same time, the raw coal is still weak, the downstream demand is weak for a long time, the social inventory of the methanol market continues to accumulate, the source of imported goods also continues to pour in, and the spot market price of methanol drops again and again.

Recently, the methanol market has been fluctuating, and downstream sheet metal factories have maintained just in demand procurement. The market transactions have been flat, so 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.