SunSirs: Shandong Formaldehyde Market Fluctuated and Consolidated
February 23 2023 10:45:07 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong was volatile and consolidated. On the 22nd, the average price of formaldehyde in Shandong was 1,223.33 RMB/ton. The price rose 2.21% month-on-month, and the price fell 3.39% year-on-year.
Analysis review
Recently, the market of raw material methanol had not fluctuated much, the cost support was still good, the downstream maintained procurement that was just based on in needed, and the formaldehyde manufacturers were shipping smoothly.
Market outlook
Formaldehyde analysts of SunSirs expect that the price of formaldehyde in Shandong will mainly rise slightly in the near future.
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