According to the data from the list of bulk commodities of the business community, the formaldehyde market in Shandong has declined recently. On the 11th, the average price of formaldehyde in Shandong was 1446.67 yuan/ton, and on the 18th, the average price of formaldehyde in Shandong was 1393.33 yuan/ton, down 3.69%. The current price rose by 5.56% month on month, and the current price fell by 37.14% year on year.

formaldehyde

Recently, the price of formaldehyde market in Shandong has fallen, which can be seen from the figure above. As of October 18, the mainstream market price in Shandong was 1350-1400 yuan/ton. Recently, the methanol market has declined, and the cost support is poor. The formaldehyde market has been affected by methanol, and the downstream demand is difficult to improve. The purchase of just needed products is maintained. The formaldehyde market is generally traded, and the market has weakened slightly.

Upstream methanol situation: the domestic methanol market in East China has rebounded. According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market fell from 3246 yuan/ton to 2812 yuan/ton from October 8 to 18. During the cycle, the price dropped by 13.37%, with a month on month increase of 1.53% and a year-on-year decrease of 36.87%. Before the National Day, due to the availability of goods before the festival and the tight supply and demand in some regions, the domestic methanol market price rose sharply, and the port price broke the 3000 yuan/ton mark. With the increase of arrival and inventory in some regions, as well as the consumption of pre holiday stock in downstream areas after the holiday, the methanol price market has turned “upside down”. After the festival, the domestic methanol market continued to decline unilaterally, and the quotations of manufacturers were also lowered for many times. The market atmosphere was “calm”.

This week, the methanol market failed to withstand the pressure and began to decline. The downstream panel plants are currently operating in an ordinary way. They are mostly wait-and-see attitude towards the formaldehyde market and have a strong bargaining mood. The market inventory is not well digested. The formaldehyde manufacturers adjusted their prices for shipment, and the formaldehyde market is weak.

Recently, the domestic methanol market has declined, and the demand of downstream wood panel plants continues to be poor. Under the dual pressure, the formaldehyde market is difficult to improve greatly. Therefore, the formaldehyde analysts of the Chemical Branch of the Business Cooperative predict that the recent formaldehyde price in Shandong is mainly weak.