Price trend

According to the monitoring data of SunSirs, the formaldehyde market in Shandong has fallen recently. The average price of formaldehyde in Shandong was 1,452.50 RMB/ton on March 31, and the average price of formaldehyde in Shandong on April 1 was 1,447.50 RMB/ton, down 0.34%. The price rose 7.62% month-on-month, and fell 1.31% year-on-year.

Analysis review

The formaldehyde market has been weak recently. As of April 1, the mainstream market price in Shandong was 1,460-1,500 RMB/ton.

Recently, the raw material methanol market has declined weakly, the cost has general support for the formaldehyde market. Because of the difficulty in cargo transportation, the operating rate of downstream board factories has weakened and demand has declined.

Market outlook

The formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly decline in the near future.

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