Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong Province fluctuated and fell recently. At the beginning of the week, the average price of formaldehyde in Shandong Province was 1,243.33 RMB/ton, and at the end of the week, the average price of formaldehyde in Shandong Province was 1,233.33 RMB/ton, down 0.80%. The current price fell 2.89% year on year.

Analysis review

Recently, the market price of formaldehyde in Shandong Province fluctuated and fell. From the figure above, it can be seen that the recent market of formaldehydes mainly fluctuated slightly, and the market declined this week. As of February 16, the mainstream market price in Shandong was 1,170-1,280 RMB/ton. Recently, the price of raw material methanol had declined slightly, the demand of downstream plate factories recovered slowly, and the formaldehyde inventory was high. In order to ship, the formaldehyde manufacturers had led the market to decline.

Upstream methanol: the domestic methanol market declined slightly, with the mainstream ex-factory price of methanol in southern Shandong at 2,600 RMB/ton, and some ex-factory prices around 2,500 RMB/ton; The delivery price in Linyi was 2,550 RMB/ton. The ex-factory quotation of enterprises in central and eastern Shandong fell 80 RMB to 2,470-2,500 RMB/ton; The reference price of Dongying and surrounding areas was 2,450 RMB/ton. With the end of the holiday, some coal mines began to resume work and production, and the output picked up slightly. The terminal power plants were in a weak purchasing mood under the support of long-term cooperative coal. The non-electric terminal raw coal was consumed during the holiday, and the demand for replenishment was released slightly recently. In the short term, the power coal price is mainly stable. he cost of methanol is good temporarily.

Market outlook

Recently, the methanol market has been volatile and lower, the cost support is poor, and the downstream purchases is still based on demand and the formaldehyde market is likely to follow the methanol fluctuation, so the formaldehyde analyst of SunSirs predicted that the recent price of formaldehyde in Shandong is mainly volatile and downward.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com