Price trend
According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong was volatile and consolidated. On March 1, the average price of formaldehyde in Shandong was 1,283.33 RMB/ton, up 2.12%. The current price rose 2.94% month-on-month, and the current price fell 4.59% year-on-year.
Analysis review
Recently, the market of raw material methanol was explored, the cost support was acceptable, the downstream remained purchases just in needed, and the formaldehyde manufacturers shipped smoothly.
Market outlook
Formaldehyde analysts of SunSirs expect that the price of formaldehyde in Shandong will rise slightly in the near future.
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