Price trend
According to the monitoring data of SunSirs, the recent decline in the formaldehyde market in Shandong, the average price of formaldehyde in Shandong on April 10 was 1,427.50 RMB/ton, and the average price of formaldehyde in Shandong on April 11 was 1,415.50 RMB/ton, down 0.88%. The price rose 3.41% month-on-month and fell 1.07% year-on-year.
Analysis review
The formaldehyde market has been weak recently. As of April 11, the mainstream market price in Shandong wass 1,450-1,470 RMB/ton.
Recently, the raw material methanol market has fallen weakly, and the cost support is general. The downstream board factory has weakened due to the difficulty of cargo transportation, and the demand has declined. Logistics transportation has a great impact on the entry of raw material methanol and the circulation of finished products.
Market outlook
To sum up, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly decline weakly in the near future.
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