Price trend

According to the data monitoring of SunSirs, the formaldehyde Market in Shandong Province has been rising slightly recently. The average price of formaldehyde on November 19 was 1076.670 RMB/ton, and the average price of formaldehyde on November 20 was 1083.33 RMB/ton, up 0.62%. The current price is down 28.96% year on year.

Analysis review        

Product: The price of formaldehyde in the domestic market rose slightly. As of the 20th, the main factory quotation in Hebei was about 940 RMB/ton, the main factory quotation in South China was about 1200 RMB/ton, the main factory quotation in Shandong was 1080 RMB/ton, and the main factory quotation in Jiangsu was 1250 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%. Formaldehyde market supply is acceptable, the market trading atmosphere has picked up, and the price has risen slightly.

Industrial chain: The performance of domestic methanol market is different, with the rise and fall reflected. In terms of the mainland market, the atmosphere in some regions is fair and the trend continues to rise under the partial stop of sales; at present, the port market is in linkage with each other during the maintenance period, showing weakness, and needs to pay attention to the futures market dynamics in the short term. Local downstream markets started to operate in succession, and the overall demand rose, providing support for formaldehyde. Formaldehyde prices bottomed out.

Market outlook

Recently, the upstream methanol market "probe", supported by the cost side, the market turnover has recovered, and the downstream market operating rate has recovered, but it still takes time to open the demand market, so the formaldehyde analyst of SunSirs predict that the price of domestic formaldehyde may be consolidation in the near future.

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