Price trend
According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong was volatile and consolidated. The average price of formaldehyde in Shandong was 1,233.33 RMB/ton on the 7th. The current price rose by 2.78% month-on-month and 3.93% year-on-year.
Analysis review
Recently, the market of raw material methanol had risen slightly, the cost support was acceptable, and the downstream purchased mainly just in needed.
Market outlook
Therefore, the formaldehyde analyst of SunSirs predicted that the price of formaldehyde in Shandong Province will mainly rise in the near future.
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