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Formaldehyde News
SunSirs: The Market Is Trading Lightly and the Market for Formaldehyde Is Falling
November 08 2019 11:30:10SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the formaldehyde Market in Shandong Province recently fell. On November 3, the average price of formaldehyde was 1140.00 RMB/ton, and on November 7, the average price of formaldehyde was 1096.67 RMB/ton, down 3.80%. The current price fell 28.90% year on year.

 

Analysis review

Product: The price of formaldehyde in the domestic market fell. As of November 7, the main factory quotation in Hebei was about 1050 RMB/ton, the main factory quotation in South China was about 1200 RMB/ton, the main factory quotation in Shandong was 1070 RMB/ton, and the main factory quotation in Jiangsu was 1300 RMB/ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi JinRMB Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock up, formaldehyde markettrading atmosphere is cold and prices is falling down all the way.

Industrial chain: Upstream methanol has different performances, some ups and some downs. In the mainland market, the local market is weakening, and the downstream purchasing power is relatively limited. Some manufacturers sell at a profit. However, the Guanzhong area has limited sales, and the price of goods is moving up. The traders and manufacturers in Hunan and Hubei areas turn to Anhui, and the price of formaldehyde in Anhui rebounds. . The local downstream market started to start, but the overall demand is still weak, and the support for formaldehyde is limited. Formaldehyde prices have fallen all the way.

 

Market outlook

Recently, the upstream methanol has been narrowly packed, the cost side has not fluctuated, the market has been lightly traded, and the downstream market operating rate has recovered. However, it still takes time to open the demand market. Therefore, the formaldehyde analyst of SunSirs expects the recent domestic formaldehyde price will be consolidation.

 

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