Price trend

According to the monitoring data of SunSirs, the Shandong formaldehyde market fell. On the 1st, the average price of formaldehyde in Shandong was 1,667.67 RMB/ton, and on the 3rd, the average price of formaldehyde in Shandong was 1,650.00 RMB/ton, down 1.00%, and the current price fell 1.59% month-on-month, and the current price increased by 54.69% year-on-year.

Analysis review

The offer price of Shandong Linyi methanol receiving local cargo was around 3,100 RMB/ton, and there was no offer for logistics cargo. In the short term, methanol will mainly fluctuate downward and the cost support is weak. The demand of downstream panel plants was general, and the purchasing remained on demand, and the formaldehyde market fell.

Market outlook

Recently, the raw material methanol market is not good and the cost support is weak. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will mainly fall in the near future.

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