According to the Commodity Market Analysis System of Business Society, the formaldehyde market has recently declined. The average price of formaldehyde at the beginning of the week was 1173.33 yuan/ton, and the average price of formaldehyde at the weekend was 1170.00 yuan/ton, a decrease of 0.28%. The current price has dropped by 10.91% compared to last year.
formaldehyde
Recently, the price of formaldehyde in the market has fluctuated and fallen. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, with a slight decline this week. As of December 7th, the mainstream market price is 1100-1220 yuan/ton. This week, the price of raw material methanol fluctuated and stabilized, with average cost support and poor downstream demand. The market trading atmosphere was relatively quiet, and the market trend declined.
Upstream methanol situation: The methanol market has rebounded and fluctuated. In terms of supply, global coal supply is stable, domestic imports have increased, and the increase in domestic demand is not enough to support coal prices to operate at high levels; In terms of demand, the overall pressure on inventory in power plants is relatively low. Currently, the terminal mainly relies on long-term replenishment and replenishes inventory according to demand. The demand for coal in the market is relatively flat, and the overall sentiment is wait-and-see. The domestic methanol market situation is mainly sorted out.
In recent times, the methanol market has been weak and consolidating, with poor cost support and weak transactions in the formaldehyde market. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly fall below.
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