SunSirs: Raw Materials Fell and Formaldehyde Market in Shandong Fell

Price trend

According to the data of SunSirs, the average price of formaldehyde in Shandong on the 16th was 873.33 RMB/ton, and the average price of formaldehyde in Shandong on the 17th was 860.00 RMB/ton, a decrease of 1.53%. The current price fell by 1.90% month-on-month, and fell by 25.00% year-on-year.

Analysis review   

Product: Recently, the domestic formaldehyde market price has dropped. As of June 17, Hebei's mainstream ex-factory price wa around 760 RMB/ton, Shandong mainstream manufacturers' price was 795 RMB/ton, and Jiangsu's mainstream factory price was 945 RMB/ton. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons. Its formaldehyde content is 37%, and the current operating rate is 50%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons. Its formaldehyde content is 37%, and the current operating rate is 50%. Recently, the formaldehyde Market in Shandong Province has declined. The start-up of formaldehyde enterprises has been basically stable. The market supply is relatively sufficient. The on-site trading atmosphere is weak, and the formaldehyde market has declined.

Industrial chain: Upstream methanol situation: Recently, the raw methanol started to decline from last Friday, and most of the buyers mainly wait and see, and the actual single transaction was light. With the inflow of port goods, the stock increases greatly, and the market competition becomes more and more fierce, which can not support the cost of formaldehyde.

The downstream timber board has entered the traditional off-season, the terminal demand continues to shrink, the market trading atmosphere is cold, the sales of formaldehyde companies are difficult, and the market continues to decline.

Market outlook

Recently, the upstream methanol price has been weakly down, the cost support is weak, and formaldehyde companies are under pressure. Therefore, the formaldehyde analysts of SunSirs predict that the recent domestic formaldehyde prices will mainly fall.

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