According to the data of the bulk commodity list of the business community, the formaldehyde market in Shandong Province was consolidated this week. The average price of formaldehyde in Shandong Province was 1383.33 yuan/ton. The current price rose by 3.49% month on month, and the current price fell by 17.00% year on year.
formaldehyde
The price of formaldehyde market in Shandong Province was stable this week. It can be seen from the figure above that the formaldehyde market in the past two months has been dominated by a small upward trend, and the fluctuation of the market this week is not large. As of November 2, the mainstream market price in Shandong was 1350-1400 yuan/ton. Recently, the methanol market has been consolidated at a low level, with general cost support. The demand of downstream sheet mills is not good, and the purchase of just needed materials has been maintained. Influenced by the public security incident, few transactions have been made in the formaldehyde market, and the manufacturers’ shipments have stalled. The market is basically stable.
Upstream methanol: The domestic methanol market has been weak and consolidated recently. Local transportation is limited, and some enterprises have increased their inventories, which further aggravates the wait-and-see mood of traders. The supply side is abundant, the demand side has not improved, and the methanol market is difficult to improve.
Recently, the domestic methanol market has fluctuated at a low level, and the cost support is not good. The procurement of the downstream wood panel factory remains in demand. Therefore, the formaldehyde analysts of the Chemical Branch of the Business Cooperative predict that the recent price of formaldehyde in Shandong will mainly fall due to the volatility.
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