Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong rose on March 22. The average price of formaldehyde in Shandong on March 21 was 1,382.50 RMB/ton, and the average price of formaldehyde in Shandong on March 22 was 1,432.50 RMB/ton, an increase of 3.62 %, the price rose 12.21% month-on-month, and the price rose 8.80% year-on-year.

Analysis review

The formaldehyde market has risen recently. As of March 22, the mainstream market price in Shandong was 1,400-1,550 RMB/ton. Recently, the raw material methanol market has begun to rise, the cost support is good, and the purchasing sentiment of the downstream sheet factory is acceptable.

Market outlook

Recently, the raw material methanol market has risen, and the downstream demand is general. Therefore, the formaldehyde analyst of SunSirs predicts that the recent price of formaldehyde in Shandong will mainly increase slightly.

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