According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has recently stabilized. This week, the average price of formaldehyde in Shandong was 1216.67 yuan/ton, an increase of 4.89% month on month. The current price has decreased by 4.45% year-on-year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and consolidated. From the above chart, it can be seen that the recent formaldehyde market has mainly experienced slight fluctuations, and the market has continued to stabilize this week. As of September 7th, the mainstream market price in Shandong region is 1150-1300 yuan/ton. This week, there was a downward trend in the price of raw material methanol, but formaldehyde did not keep up with the increase in methanol in the early stage, and the price was still at a low level. The downward trend this time is not obvious, and the market trading sentiment is average. Formaldehyde manufacturers are shipping normally, and the market fluctuation is not significant.

Upstream methanol situation: The domestic methanol market is declining, and the Xinhang unit in Inner Mongolia is undergoing maintenance; The overall recovery is greater than the loss, resulting in an increase in capacity utilization. The supply side of methanol is negatively affected. Short term cost support is limited, supply changes are not significant, and demand is expected to increase. Methanol analysts from Business Society predict that the domestic methanol market will tentatively rise.

Recently, the methanol market has fluctuated slightly, with average cost support. Downstream delivery sentiment is more rational, and the atmosphere for formaldehyde transactions is flat. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the formaldehyde price in Shandong will mainly fluctuate and consolidate in the near future.