According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1170.00 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1193.33 yuan/ton, an increase of 1.99%. The current price has decreased by 5.29% compared to last year.
formaldehyde
Recently, the price of formaldehyde in the Shandong region has slightly increased. From the above chart, it can be seen that the formaldehyde market has been mainly fluctuating slightly, with an increase this week. As of December 14th, the mainstream market price in Shandong region is 1100-1280 yuan/ton. This week, the price of raw material methanol has shown an upward trend, but downstream panel factories have poor demand, and market trading sentiment is average. Formaldehyde manufacturers are shipping normally, and the market is slightly rising with costs.
Upstream methanol situation: The domestic methanol market is on the rise, while downstream acetic acid: The demand for acetic acid is increasing; Downstream dimethyl ether: demand for dimethyl ether may increase; Downstream chlorides: Increased demand for chlorides; Downstream formaldehyde: Increased demand for formaldehyde; Downstream MTBE: As some manufacturers reduce their operating load, the demand for MTBE will decrease. The demand for methanol is mixed.
Recently, there has been an upward trend in the methanol market, with good cost support. Downstream panel factories have had poor operating rates due to environmental impact, and formaldehyde market transactions are average. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that formaldehyde prices in Shandong will mainly fluctuate and rise in the near future.
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