According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong fluctuated and fell in June. At the beginning of the month, the average price of formaldehyde in Shandong was 1103.33 yuan/ton, and at the end of the month, the average price of formaldehyde in Shandong was 1060.00 yuan/ton, a decrease of 3.93%. The current price has decreased by 17.19% compared to last year.
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formaldehyde
In June, the market price of formaldehyde in the Shandong region decreased. From the above chart, it can be seen that formaldehyde has been mainly fluctuating and declining in the past three months, and the market has continued to decline this month. As of June 26th, the mainstream market price in Shandong region is 950-1150 yuan/ton. In June, the raw material methanol first fell and then rose. Formaldehyde manufacturers started operating normally, but downstream panel factories had weak demand. When methanol fell, formaldehyde followed suit. However, when methanol rose, the rise in formaldehyde was weak, and the overall formaldehyde market was at a low level.
Upstream methanol situation: In June, the domestic methanol market first fell and then rose. The reason for the decline was due to the lower coal prices, weakened support for methanol production costs, weak traditional demand entering the off-season, and some methanol parking facilities recovering. Overall, the supply in the mainland market is still relatively sufficient. The reason for the increase in late October is the rebound in coal prices, good cost support, and the methanol market following the cost increase.
Recently, the methanol market has been mainly fluctuating and rising, with good cost support. However, downstream sheet metal factories are in the off-season of the industry and have limited purchasing capacity. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly increase slightly in the near future.
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