SunSirs: The Market Price of Formaldehyde in Shandong Fell in Shock

Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong Province fluctuated and fell recently. At the beginning of the week, the average price of formaldehyde in Shandong Province was 1,283.33 RMB/ton. At the end of the week, the average price of formaldehyde in Shandong Province was 1,273.33 RMB/ton, down by 0.78%. The current price fell by 11.27% year-on-year.

Analysis review

Recently, the market price of formaldehyde in Shandong fluctuated and fell. According to the data of SunSirs, the recent market of formaldehyde was mainly subject to small fluctuations, and this week's market had declined. As of March 9, the price of formaldehyde in the mainstream market in Shandong was 1,230-1,350 RMB/ton. This week, the price of raw material methanol was consolidated, the market was in a general mood, and the formaldehyde manufacturers had a high willingness to ship in order to keep inventory under control, and the market was volatile and lower.

Upstream methanol situation: The domestic methanol market rose and then fell back, the price of raw coal fell back, and the cost side was negative for the methanol market. At the same time, the supply increased, the inventory accumulated, and there was no good news on the demand for a short time, and the methanol market fell back weakly. The ex-factory quotation of enterprises in the central and eastern part of Shandong was stable at 2,670-2,700 RMB/ton; The reference price for delivery to Dongying and surrounding areas was 2,620-2,640 RMB/ton. The methanol market in the south of Shandong Province was 2,600-2,650 RMB/ton; The receiving price in Linyi was 2,650-2,670 RMB/ton.

Market outlook

Recently, the methanol market fluctuated slightly, the cost support was general, and the formaldehyde inventory was relatively abundant. Therefore, the formaldehyde analyst of SunSirs predicted that the price of formaldehyde in Shandong Province will mainly fluctuate and fall in the near future.

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