Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong had been fluctuating and consolidated recently. The average price of formaldehyde in Shandong this week was 1,273.33 RMB/ton, up 3.24% month-on-month, and the current price fell 9.21% year on year.

Analysis review

Recently, the market price of formaldehyde in Shandong Province was stable. According to the data of SunSirs, the recent market of formaldehyde had mainly fluctuated slightly, and this week's market had not fluctuated much. As of March 16, the mainstream market price in Shandong was 1,220-1,350 RMB/ton. This week, the price of raw material methanol was consolidated, the cost support was general, the market trading sentiment was weak, the demand of downstream plate factories was weak, and the formaldehyde manufacturers were stable in shipment, and the market was volatile and consolidated.

Upstream methanol: domestic methanol market was weak and consolidated. On the cost side, the production and sales of coal were normal in the coal producing areas, and the downstream power plants were mainly based on the fulfillment of long-term agreements. The purchase of non-electric enterprises had increased, and the market sentiment had eased. However, with the gradual warming of the temperature, the daily consumption of power plants had slowly declined. In the short term, the price of thermal coal may be narrow. The cost of methanol was temporarily negative. Inner Mongolia Guotai, Ningxia and Yunnan each had one set of device for maintenance. Nanjing Chengzhi Plant reduced production. The recovery of Zhong'an United, Daqing Methanol Plant, Inner Mongolia Yuanxing, Xinjiang Zhongtai, Nanjing Chengzhi and Xinjiang Guanghui units. The overall recovery was more than the loss, and the capacity utilization rate increased. The methanol supply side was temporarily negative. The supply was relatively abundant, and the demand changes were limited. The methanol analyst of SunSirs predicted that the domestic methanol market was dominated by weak consolidation.

Market outlook

Recently, the demand of downstream panel manufacturers was weak, and the formaldehyde manufacturers' shipments were not good. Therefore, the formaldehyde analysts of SunSirs predict that the recent price of formaldehyde in Shandong is mainly volatile and downward.

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