1.the price trend

　　According to the commodity list data of SunSirs, the market of formaldehyde in Shandong rose this week. At the beginning of the week, the average price of formaldehyde was 1176.67 RMB/ton. At the end of the week, the average price of formaldehyde was 1220.00 RMB/ton, an increase of 3.68%, and the current price fell by 20.00% compared with last year.

　　2.Market analysis

　　Products: The domestic formaldehyde market price rose. By the end of the week, the mainstream factory price in Hebei was around 1030 RMB/ton, the mainstream factory price in South China was around 1150 RMB/ton, the mainstream manufacturers in Shandong were quoted at 1160 RMB/ton, and the mainstream factory price in Jiangsu was 1100 RMB/ton. . Shandong Linyi Yinhe annual production of 120,000 tons of formaldehyde equipment overhaul, formaldehyde content of 36.7-37%. The supply of formaldehyde in the market has been affected by environmental protection, and the price of formaldehyde manufacturers is rising.

　　Industry Chain: The price of methanol in the upstream increased. After entering September, the centralized maintenance of the equipment affected by environmental protection and production, the recovery of olefin equipment such as Datang, and the increase in demand in the Mainland led to the increase. The price at the beginning of the week was 1994.00 RMB/ton, and the weekend was 2048.00 RMB/ Tons, an increase of 2.75%. Demand in the downstream market has recovered, and the price of formaldehyde has risen due to the increase in cost.

　　3.Market outlook

　　The upstream methanol market was affected by lower inventory and higher futures, which affected the price increase. The sufficient support of the cost side led to positive market turnover. However, the excessive increase in the previous period may lead to downstream manufacturers' resistance to high-end prices. Therefore, the formaldehyde analyst of SunSirs division chemical industry branch expects that the domestic formaldehyde price or consolidation will be the main.

　　Related listed companies: Yuntianhua (600096), Guangdong Yutai (600589), Yantai Wanhua (600309), Anhui Jinhe (002597)

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