According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1193.33 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1186.67 yuan/ton, a decrease of 0.56%. The current price has dropped by 5.32% 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 mainly fluctuated slightly in the past two months, with a slight decline this week. As of December 21st, the mainstream market price in Shandong region is 1100-1260 yuan/ton. This week, the price of raw material methanol fluctuated and fell, with poor cost support. Downstream sheet factories frequently took vacations, and procurement efforts led to a decline in the formaldehyde market.
Upstream methanol situation: In terms of supply, there is currently not much pressure on power plant replenishment, and there is a strong wait-and-see attitude. Most of the procurement plans have been postponed, resulting in low market activity. With the start of gas restrictions in Southwest China, there is a downward trend in domestic supply and demand, but there has been no significant change for the time being. Business Society Methanol Analyst predicts that the domestic methanol market is mainly weak and consolidating.
Recently, the methanol market has been weak and consolidating, with poor cost support and poor downstream demand. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline in the near future.
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