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SunSirs: Shandong Formaldehyde Market Rose Slightly
October 22 2020 07:48:25SunSirs(John)

Price trend

According to data from the Commodity List of SunSirs, the average price of formaldehyde in Shandong on the 14th was 1,050.00 RMB/ton, and the average price of formaldehyde in Shandong on the 21st was 1,066.67 RMB/ton, an increase of 1.59%. The current price has increased by 4.92% month-on-month and fell by 13.28% year-on-year.

Analysis review   

Recently, the domestic market price of formaldehyde has risen slightly. As of October 21, the mainstream ex-factory price in Central China was around 1,012 RMB/ton, the mainstream manufacturer's price in North China was 925 RMB/ton, and the mainstream ex-factory price in East China was 1,082 RMB/ton. Shandong Linyi Yinhe's formaldehyde production capacity of 120,000 tons/year is normal, with a daily output of 200 tons. Recently, the formaldehyde plant in Shandong has basically started normally. The trading atmosphere on the floor was general, real orders were fair, and the formaldehyde market rose slightly.

Upstream methanol situation: Recently, the factory quotations of methanol companies in Shandong have remained stable. The reference price of Shandong methanol North Shandong market is 1,750 RMB/ton sent to the spot exchange. The methanol market in central Shandong has stabilized to 1,900-1,920 RMB/ton in cash out of the warehouse, and it is expected that the transaction of external goods may reach 1,750-1,760 RMB/ton in cash. Cost support is acceptable, and the formaldehyde market is showing a slight upward trend.

Recently, the demand of traditional downstream methylal and pentaerythritol is obviously better than that of wood board factories, and the start of construction has improved, and the demand side support is acceptable. Formaldehyde manufacturers are actively selling goods, and the market has risen slightly.

Market outlook

Recently, the upstream raw material methanol has fluctuated. Due to the impact of the cost-saw, the price in Linyi, Shandong is relatively high, and the inflow of goods from the market is relatively high. Therefore, the formaldehyde analyst of the Chemical Industry Branch of the Business Society predicts that the price of formaldehyde in Shandong will fall slightly in the near future .

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.

 

 

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