Price trend

According to the monitoring data of SunSirs, the formaldehyde market in Shandong was stable this week. The average price of formaldehyde in Shandong was 1,270.00 RMB/ton, the price was flat month-on-month, and the price fell 7.13% year-on-year.

Analysis review

The market price of formaldehyde in Shandong was basically stable this week. From the monitoring data of SunSirs, it can be seen that the market for formaldehyde has not fluctuated much in the past two months, and the market fluctuated and consolidated this week. As of July 4, the mainstream market price in Shandong was 1,230-1,300 RMB/ton. Recently, the methanol market has fluctuated and sorted out, the cost support was general, and the formaldehyde market was basically stable due to the influence of methanol. Downstream demand was difficult to improve, maintaining just-needed purchases, the formaldehyde market transaction was general, and the market remained unchanged.

Upstream methanol situation: The domestic methanol market fluctuated in a narrow range, the raw coal market dragged the methanol futures atmosphere, and the spot market fell in a narrow range. In terms of supply, the production enterprises in the main producing areas have been overhauled, showing a little positive, but the market sentiment was not good, the delivery volume of social warehouses was still low, and the inventory continued to accumulate.

This week, the methanol market did not fluctuate much, and the start-up of the downstream sheet factories was general. The formaldehyde market was mostly wait-and-see, and the bargaining sentiment was strong. The market inventory was not digested well. It was more difficult to increase the price of formaldehyde, and the low price was maintained for shipment, and the formaldehyde market was weak.

 Market outlook

Recently, the domestic methanol market has been fluctuating, and the demand from downstream lumber mills has continued to be weak. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly fluctuate down in the near future.

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