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 1193.33 yuan/ton, while at the end of the week, the average price of formaldehyde in Shandong was 1196.67 yuan/ton, a decrease of 0.28%. The current price has decreased by 13.49% 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, with a decline this week. As of November 8th, the mainstream market price in Shandong region is 1100-1260 yuan/ton. This week, the price of raw material methanol fluctuated and consolidated, with average cost support. The formaldehyde market has light trading volume, manufacturers are facing difficulties in shipping, inventory pressure is high, and the market has slightly declined.
Upstream methanol situation: narrow range consolidation and operation in the domestic methanol market. Last night, the Shanxi coking plant was shut down for maintenance, and the coal price fluctuated weakly, with no cost support for the market. Domestic supply is gradually recovering, and downstream demand may change or be limited. Methanol analysts from Business Society predict that the domestic methanol market may be in a weak position to consolidate and operate.
Recently, the methanol market has been weak and consolidating, with poor cost support. Downstream panel factories have weak demand and weak procurement. 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.
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