Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong rose on March 9. The average price of formaldehyde in Shandong on March 9 was 1,435.50 RMB/ton, an increase of 1.23%, and the price increased by 11.53% month-on-month and increased by 8.99% year-on-year.

Analysis review

The formaldehyde market has risen slightly recently. As of March 9, the price of formaldehyde in the mainstream market in Shandong was 1,450-1,550 RMB/ton.

The methanol market continued to rise. With the sharp rise in the futures market, the methanol spot market began to catch up.

The cost of formaldehyde was under great pressure, and it was passively rising. Due to the high raw materials, downstream sheet factories were cautious in purchasing and the market demand was general. The formaldehyde market mainly followed the rise of raw material methanol.

Market outlook

Recently, the raw material methanol market has been rising, and the downstream demand is general. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly rise slightly in the near future.

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