Price trend

According to the monitoring data of SunSirs, the recent Shandong formaldehyde market has fluctuated and consolidated. The average price of formaldehyde in Shandong on September 6 was 1,253.33 RMB/ton, the price increased by 3.30% month-on-month, and the price fell by 8.52% year-on-year.

Analysis review

The market price of formaldehyde in Shandong was basically stable this week. From the above figure, 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 September 6, the price of formaldehyde in the mainstream market in Shandong was 1,220-1,280 RMB/ton. Recently, the methanol market has fluctuated and sorted out, and the cost support was acceptable. The formaldehyde market was basically stable due to the influence of methanol, and downstream demand was difficult to improve, maintaining just-needed purchases. Formaldehyde market transactions were general, and the market fluctuations were not large.

Upstream methanol situation: The domestic methanol market had a slight upward trend. The methanol price of enterprises in southern Shandong was concentrated around 2,700 RMB/ton, and the price of some local methanol in Linyi was around 2,760-2,780 RMB/ton. The ex-factory quotation of methanol from enterprises in central and eastern Shandong was around 2,680-2,730 RMB/ton.

This week, the methanol market fluctuated slightly, dominated by shock consolidation. The construction of the downstream sheet factory was in general, and the formaldehyde market was mostly wait-and-see attitude, the price negotiation was strong, the market inventory was not digested well, it was difficult to increase the formaldehyde price, the shipment was normal, and the formaldehyde market did not fluctuate much.

Market outlook

Recently, the domestic methanol market has an upward trend, and the demand from downstream lumber mills continues to be weak. Therefore, the formaldehyde analyst of SunSirs predicts that the recent price of formaldehyde in Shandong will mainly rise in shock.

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