Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong Province fluctuated and rose recently. The average price of formaldehyde in Shandong Province at the beginning of the week was 1,200.00 RMB/ton, and the average price of formaldehyde in Shandong Province at the end of the week was 1,206.67 RMB/ton, up 0.56%. The  price fell 3.43% year on year.

Analysis review

Recently, the market price of formaldehyde in Shandong Province fluctuated and rose. From the above figure, we can see that the recent market of formaldehyde was dominated by small fluctuations. As of January 12, the price of formaldehyde in the mainstream market in Shandong was 1,100-1,300 RMB/ton. Recently, as the Spring Festival approaches, downstream demand has weakened significantly, and some formaldehyde manufacturers have had holidays in advance, and the formaldehyde market has not fluctuated much.

Upstream methanol: the domestic methanol market fluctuated slightly, and the negotiated price of methanol in Dongying region of Shandong Province was 2,510-2,530 RMB/ton. The negotiated price of the methanol market in Zibo, Shandong was 2,520-2,540 RMB/ton, and the local methanol factory in central Shandong quoted at 2,550-2,630 RMB/ton. The ex-factory price of Jining methanol was around 2,500-2,550 RMB/ton, and the delivery price of Linyi methanol was around 2,550-2,600 RMB/ton..

Market outlook

Recently, the methanol market has fluctuated and increased, and the formaldehyde manufacturers are selling at a high price. However, the Spring Festival is approaching, and the holiday is imminent. Therefore, the formaldehyde analysts of SunSirs predict that the recent price of formaldehyde in Shandong Province will mainly fluctuate and fall.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com