Price Trend

According to the commodity list data of business associations, formaldehyde prices in Shandong rose in September. At the beginning of the month, the average price of formaldehyde was 1160.00 yuan/ton, and at the end of the month, the average price of formaldehyde was 1320.00 yuan/ton, an increase of 13.79%. Current prices fell by 13.44% compared with last year.

II. Market Analysis

Products: Domestic formaldehyde market price rises. By the end of September, Hebei mainstream ex-factory quotation is about 1100 yuan/ton, South China mainstream ex-factory quotation is about 1200 yuan/ton, Shandong mainstream ex-factory quotation is about 1330 yuan/ton, Jiangsu mainstream ex-factory quotation is 1450 yuan/ton. Shandong Linyi Galaxy produces 120,000 tons of formaldehyde annually, and the content of formaldehyde is 36.7-37%. Hebei Kaiyue produces 400,000 tons of formaldehyde plant overhaul. The supply of formaldehyde in the formaldehyde market is affected by environmental protection, and the price of formaldehyde manufacturers is rising.

Industry chain: The price of methanol in the upstream continues to rise. Influenced by the high crude oil level and the expected production of methanol-to-olefins in the month, the methanol market has a positive trading atmosphere. Mainland enterprises have shipped smoothly, and the focus of market negotiations has been continuously raised. At the beginning of the month, the price was 1994.00 yuan/ton, and at the end of the month, it was 2289.00 yuan/ton, an increase of 14.84%. The downstream market demand is relatively stable, supported by favorable supply and demand, and the price of formaldehyde is rising.

3. Future Market Forecast

In recent days, the upstream methanol market was affected by the end of the 11 long holidays. The price of methanol was high and the cost support was stable. However, due to the large-scale shutdown of environmental protection control and the decrease of demand in some downstream areas, formaldehyde analysts from the business and social chemical branch predicted that the domestic formaldehyde price or consolidation would be the main factor in the near future.