SunSirs: Formaldehyde Market Rose in September

Price trend

According to data from SunSirs, formaldehyde prices in Shandong rose in September. At the beginning of the month, the average price of formaldehyde was 1160.00 RMB/ton, and at the end of the month, the average price of formaldehyde was 1320.00 RMB/ton, an increase of 13.79%. Current prices fell by 13.44% year-on-year.

Analysis review

Product:The price of domestic formaldehyde market is rising. As of the end of 9, the main factory quoted price in Hebei is about 1100 RMB / ton. The main factory quoted price in Southern China is about 1200 RMB / ton, and the mainstream manufacturers in Shandong quote 1330 RMB / ton, and the mainstream factory price in Jiangsu is 1450 RMB / ton. Shandong Linyi Yinhe annual production of 120,000 tons of formaldehyde equipment overhauled. Hebei Kaiyue annual production of 400,000 tons of formaldehyde equipment overhauled. The supply of formaldehyde in the market has been affected by environmental protection, and manufacturers has risen the price of formaldehyde.

Industry chain: The price of methanol in the upstream continues to rise. Due to the high level of crude oil in the month and the expected production of methanol to olefins, the methanol market has a positive trading atmosphere, and the mainland enterprises have smooth shipments, and the market focus has been continuously rising. The price at the beginning of the month was 1994.00 RMB / ton, and the end of the month was 2289.00 RMB / ton, an increase of 14.84%. The downstream market demand is relatively stable, the price of formaldehyde has risen supported by the good news on supply and demand side.

Market outlook

Recently, the upstream methanol market that was affected by the downstream stocking up before the National Day is basically over and it is with high price consolidation and stable cost support. However, due to large-scale shutdown in some downstream areas due to environmental protection control, the demand side is reduced. Therefore, the formaldehyde analyst of SunSirs predict that the formaldehyde price will consolidate in the near future.

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