According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has been fluctuating and consolidating recently. This week, the average price of formaldehyde in Shandong was 1186.67 yuan/ton, which is the same as last week. The current price has decreased by 13.17% compared to last year.

formaldehyde

Recently, the price of formaldehyde market in Shandong has fluctuated and consolidated. It can be seen from the above figure that the recent formaldehyde market mainly fluctuates slightly, and the market is stable this week. As of May 5, the mainstream market value price in Shandong was 1150-1280 yuan/ton. This week, the price of raw material methanol fell weakly, and the market trading sentiment was average. Formaldehyde manufacturers stabilized their shipments, and the market was relatively stable.

Upstream methanol situation: The domestic methanol market is fluctuating and declining, with the raw material coal market mainly on a wait-and-see basis. The cost side lacks positive support, and the spot buying performance is weak, leading to a decline in the methanol market. The methanol market in the southwest region has declined, with some mainstream enterprises in Sichuan and Chongqing discussing exports at around 2300-2400 yuan/ton; The focus of some trade negotiations in Chengdu is around 2460-2520 yuan/ton. The methanol market in the Lianghu region has declined, with some enterprises in Hubei Province negotiating around 2555 to 2570 yuan/ton for mainstream reference; Some traders in Hunan offer around 2660-2700 yuan/ton for reference.

Recently, the methanol market has been weak and declining, with poor cost support. Downstream sheet factories have had poor resumption of work due to rainy weather. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that formaldehyde prices in Shandong will mainly fluctuate and fall in the near future.