Price trend

According to the Commodity Market Analysis System of SunSirs, the formaldehyde market in Shandong was fluctuating and consolidating recently. This week, the average price of formaldehyde in Shandong was 1,203.33 RMB/ton, and the current price decreased by 0.82% compared to last year.

Analysis review

Recently, the price of formaldehyde in the Shandong region fluctuated and consolidated. From the above chart, it can be seen that the recent formaldehyde market mainly fluctuated slightly, and this week's market remained relatively stable. As of August 25th, the mainstream market price in Shandong region was 1,150-1,260 RMB/ton. This week, the price of raw material methanol slightly increased, but downstream panel factories' demand continued to be weak, some manufacturers passively gave up profits, and the atmosphere of formaldehyde on-site negotiations was light, with the market fluctuating and consolidating.

Upstream methanol situation: The methanol market was experiencing a narrow upward trend, early maintenance equipment gradually recovered and industry operating rates rebounded. At the same time, port inventory was gradually accumulating, and the supply side had bearish factors. On the other hand, most downstream product companies were in a period of lucrative profits, and the industry's operating rate was relatively strong. The supply and demand sides were in a game, and the methanol market had entered a stage of range fluctuations.

Market outlook

The recent fluctuation of methanol market was limited, with a slight upward trend. Cost support was still acceptable, and formaldehyde was shipped normally. Therefore, formaldehyde analysts from SunSirs predict that the price of formaldehyde in Shandong will mainly fluctuate and rise in the near future.

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