SunSirs: Demand Improved and Shandong Formaldehyde Market Rose

Price trend

According to the data from the Commodity List of SunSirs, the average price of formaldehyde in Shandong on August 25 was 860.00 RMB/ton, and the average price of formaldehyde in Shandong on August 26 was 880.00 RMB/ton, an increase of 2.33%, and the current price increased by 2.33% from the previous month. The current price has fallen by 24.14% year-on-year.

Analysis review

Recently, the domestic market price of formaldehyde has risen slightly. As of August 25, the mainstream ex-factory price in Central China was around 940 RMB/ton, the mainstream manufacturer in North China was priced at 745 RMB/ton, and the mainstream ex-factory price in East China was 893 RMB/ton. Linyi Jinyuan Chemical has 2 formaldehyde production lines with an annual production capacity of 80,000 tons, the formaldehyde content is 37%, and the start rate is 50%. Recently, the start of formaldehyde plants in Shandong has increased, and sales have increased slightly compared with the previous period. The trading atmosphere on the floor improved slightly, and the formaldehyde market rose mainly in a narrow range.

Upstream methanol situation: Recently, domestic methanol fundamentals have not changed significantly, and the mentality of the industry was different, and the price fluctuated within a narrow range. Generally speaking, the domestic methanol market was dominated by sideways.

The downstream timber board is in the traditional off-season, but the demand for formaldehyde from terminal timber board factories has improved slightly recently, and the procurement has maintained rigid demand. The sales of formaldehyde companies has increased, and the overall negotiation atmosphere in the market was acceptable. The formaldehyde market rose within a narrow range.

Market outlook

Recently, the upstream raw materials are mainly arranged sideways, and the raw materials are more stable and firm to give some support to formaldehyde. Downstream demand has improved slightly to maintain on-demand procurement. Therefore, the formaldehyde analyst of SunSirs predicts that the domestic formaldehyde price will increase mainly in the near future.

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