Price trend

According to the monitoring data of the Business News Agency, the market price of formaldehyde in Shandong rose slightly. On the 13th, the average price of formaldehyde in Shandong was 1,243.33 RMB/ton, up 0.81%. The current price rose 3.04% month-on-month and 3.37% year-on-year.

Analysis review

Recently, the market of raw material methanol rose slightly, the cost support was acceptable, and the downstream purchased just in needed.

Market outlook

Formaldehyde analysts of the Chemical Branch of the Business Society expect that the price of formaldehyde in Shandong will mainly rise in the near future.

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