According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1076.67 yuan/ton, while at the end of the week, the average price of formaldehyde in Shandong was 1060.00 yuan/ton, a decrease of 1.55%. The current price has decreased by 18.04% compared to last year.
formaldehyde
Recently, the price of formaldehyde in the Shandong region has fluctuated and fallen. From the above chart, it can be seen that the formaldehyde market has been below the main trend in the past two months, and the market has continued to decline slightly this week. As of June 21st, the mainstream market price in Shandong region is 950-1150 yuan/ton. In the early part of this week, the price of raw material methanol was weak and consolidated, with poor cost support, significant pressure on formaldehyde inventory, and a weak decline in the market. However, by the 21st, there was already a trend of stopping the decline and recovering.
Upstream methanol situation: In the early part of this week, the domestic methanol market was weak and sorted out. With the arrival of high-temperature weather, there are signs of stabilizing coal prices on the cost side, but there has been no significant improvement in the demand side, and the methanol cost side is still relatively empty. At the same time, the supply continues to increase, inventory is expected to continue to increase, and market confidence is insufficient. Downstream and traders mainly purchase according to demand. However, on the 21st, the methanol market rose. The ex factory price of methanol in the southern region of Shandong was set at around 2010-2030 yuan/ton for factory withdrawal in foreign exchange, while the delivery price in Linyi was set at around 2070-2080 yuan/ton for delivery in foreign exchange. The local methanol factory in central Shandong quoted a price of 2150-2180 yuan/ton for self delivery from the factory. The negotiated price range for methanol in the Dongying region of Shandong is 2010-2020 yuan/ton.
Recently, the methanol market has been rising, with good cost support and a high probability of formaldehyde following the trend. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly increase in the near future.
| http://www.pva-china.net |