On May 13th, the benchmark price of formaldehyde for SunSirs was 1170.00 RMB/ton, a decrease of -1.40% compared to the beginning of this month (1186.67 RMB/ton).

Recently, the price of formaldehyde market in Shandong has dropped in shock, the price of raw methanol has declined in a weak way, the downstream panel plants have started flat, the market demand is generally supported, and the market sentiment is not good. In order to ship, the formaldehyde manufacturers led the decline of formaldehyde market.

SunSirs predicts that in the short term, the price of formaldehyde in Shandong will mainly fluctuate and decline.

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