Price trend

According to the monitoring data of SunSirs, the formaldehyde market in Shandong Province rose this week. The average price of formaldehyde in Shandong Province at the beginning of the week was 1,336.67 RMB/ton, and the average price of formaldehyde in Shandong Province at the weekend was 1,403.33 RMB/ton, up 4.99%. The current price rose 9.64% month on month, and the current price fell 23.45% year on year.

Analysis review

The price of formaldehyde market in Shandong Province rose this week. It can be seen from the monitoring data of SunSirs that the formaldehyde market in the past two months was mainly explored by a small margin, and this week's rise expanded. As of October 8, the mainstream market price of formaldehyde in Shandong was 1,380-1,430 RMB/ton. Recently, the methanol market rose sharply, with strong cost support. The demand of the downstream panel plant was general, and the purchase was maintained just on demand. The transaction in the formaldehyde market was fair. The manufacturer normally shipped and the market continued to rise driven by the cost.

Upstream methanol: the domestic methanol market has risen recently. Some traders offered while had no goods. The price of coal was firm, raw materials supported the methanol market, and there was a strong intention to prepare downstream goods before the festival. There were slight differences among regions. Some regions were short of supply and had strong demand. Some regions had sufficient supply and demand was general. The trend of methanol market was slightly different among regions.

This week, the methanol market continued to rise, and the cost level remained high. Driven by the rising cost, formaldehyde manufacturers led the market to rise in order to make profits. At present, the operating rate of formaldehyde manufacturers has increased, and the supply of goods is sufficient. The downstream plate factories maintain purchases on demand, and the market transaction is general. The formaldehyde market mainly rose with the rise of costs.

Market outlook

Recently, the domestic methanol market has increased greatly, and downstream wood panel plants have maintained purchases on demand. Therefore, formaldehyde analysts from SunSirs predict that in the near future, the price of formaldehyde in Shandong will rise in shock mainly.

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