Price trend

The formaldehyde market has been weak recently. As of February 9, the price of formaldehyde in the mainstream market in Shandong was 1,280-1,400 RMB/ton.

Analysis review

The market price of methanol rose slightly. During the Spring Festival, the price of crude oil rose, and the price of methanol futures rose sharply, giving formaldehyde cost support. Formaldehyde manufacturers have resumed work one after another, and the market supply is insufficient, and the formaldehyde market has risen.

Market outlook

Recently, the raw material methanol market has been on the rise, and the cost support is strong. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly rise in the near future.

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