Price trend
According to the monitoring data of SunSirs, the Shandong formaldehyde market has risen. The average price of formaldehyde in Shandong on the 22nd was 1,576.67 RMB/ton, an increase of 8.24% over the weekend, an increase of 16.22% month-on-month, and an increase of 55.08% year-on-year.
Analysis review
The formaldehyde market was mainly driven by the continuous rise of methanol. Formaldehyde manufacturers were under great pressure, the theoretical profit was not good, and the operating rate continued to be sluggish. However, due to the rising market of raw material methanol, the price of formaldehyde rose.
Market outlook
Recently, the downstream demand is general, but the methanol market continues to be high. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly rise in shock in the near future.
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