According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1203.33 yuan/ton, while at the end of the week, the average price of formaldehyde in Shandong was 1206.67 yuan/ton, a decrease of 0.28%. The current price has decreased by 15.42% compared to last year.
formaldehyde
Recently, the price of formaldehyde in the Shandong region has fluctuated and declined. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, and the market has continued to fluctuate this week. As of October 12th, the mainstream market price in Shandong region is 1150-1260 yuan/ton. This week, the price of raw material methanol showed a slight downward trend, with poor cost support. Downstream procurement remained in demand, while the formaldehyde market had light trading volume and the market was volatile and consolidated.
Upstream methanol situation: The domestic methanol market has slightly declined, with demand side agricultural demand in the off-season, and industrial demand for cautious procurement. In the short term, the price of chemical coal may continue to fluctuate in a narrow range. The cost side of methanol is influenced by bearish factors. The supply in mainland China is abundant. The overall recovery is greater than the loss, resulting in an increase in capacity utilization. The supply side of methanol is negatively affected.
Recently, the methanol market has been weak and declining, with poor cost support, poor demand from downstream panel factories, and a flat transaction atmosphere. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly decline in the near future.
| http://www.polyvinylalcohols.com |