According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1196.67 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1203.33 yuan/ton, an increase of 0.56%. The current price has dropped by 5.50% year-on-year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and risen. From the above chart, it can be seen that the formaldehyde market has been mainly fluctuating slightly, with a narrow upward trend this week. As of March 21st, the mainstream market price in Shandong region is 1150-1260 yuan/ton. This week, the price of raw material methanol has risen, with good cost support. Downstream plate factories have slow demand and consumption, and formaldehyde manufacturers are under greater pressure to ship, resulting in limited market growth.

Upstream methanol situation: The domestic methanol market is operating in a narrow upward trend. Anqing Shuguang and Xiaoyi Xindongheng equipment maintenance; Guangju New Materials, Yunnan Qumei, and Yunnan Pioneer Plant have reduced production; Daqing Methanol Plant, Sinopec Great Wall, and Xinjiang Xinye Plant have been restored. The overall loss is greater than the recovery, resulting in a decrease in capacity utilization. The supply side of methanol is influenced by favorable factors. The low volume of methanol arriving at the port and the low level of port inventory have provided strong support to the market, resulting in a slight increase in the methanol market.

Recently, the price of raw material methanol has risen, with good cost support. However, the imbalance between supply and demand in the formaldehyde market has not improved. Therefore, the formaldehyde analyst at the Chemical Branch of Shengyishe predicts that the formaldehyde price in Shandong will mainly fluctuate and consolidate in the near future.