Price trend
According to the monitoring data of the Business News Agency, the market price of formaldehyde in Shandong rose slightly. On the 13th, the average price of formaldehyde in Shandong was 1,243.33 RMB/ton, up 0.81%. The current price rose 3.04% month-on-month and 3.37% year-on-year.
Analysis review
Recently, the market of raw material methanol rose slightly, the cost support was acceptable, and the downstream purchased just in needed.
Market outlook
Formaldehyde analysts of the Chemical Branch of the Business Society expect that the price of formaldehyde in Shandong will mainly rise in the near future.
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