Shandong Formaldehyde Market has been Fluctuating and Consolidating Recently

Recently, the Shandong formaldehyde market has fluctuated and consolidated. The average price of formaldehyde in Shandong is 1253.33 CNY/ton. The current price has increased by 3.30% month-on-month and decreased by 8.52% year-on-year.

The market price of formaldehyde in Shandong is basically stable this week. From the above figure, it can be seen that the market for formaldehyde has not fluctuated much in the past two months, and the market has fluctuated and consolidated this week. As of September 6, the mainstream market price in Shandong is 1220-1280 CNY/ton. Recently, the methanol market has fluctuated and sorted out, and the cost support is acceptable. The formaldehyde market is basically stable due to the influence of methanol.

Upstream methanol situation: The domestic methanol market has a slight upward trend. The prices of enterprises in southern Shandong are concentrated around 2,700 CNY/ton, and the local prices in Linyi are around 2,760-2,780 CNY/ton. The ex-factory quotation of enterprises in central and eastern Shandong is around 2680-2730 CNY/ton.

This week, the methanol market fluctuated slightly, mainly due to shock and consolidation. The downstream sheet factory is currently operating in general, with a wait-and-see attitude towards the formaldehyde market, with strong bargaining sentiment and poor digestion of market inventory. It is difficult to increase the price of formaldehyde. Goods, the formaldehyde market fluctuates little.

Recently, the domestic methanol market has an upward trend, and the demand from downstream lumber mills continues to be weak. Therefore, formaldehyde analysts predict that the recent price of formaldehyde in Shandong will mainly rise in shock.