Price trend

According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong has fallen recently. On December 1, the average price of formaldehyde in Shandong was 1,326.67 RMB/ton, and on December 7, the average price of formaldehyde in Shandong was 1,313.33 RMB/ton, down 1.01%, and the current price fell 5.06% year on year.

Analysis review

Recently, the market price of formaldehyde in Shandong has fallen. It can be seen from the data of SunSirs that the recent market of formaldehyde has fallen mainly. As of December 7, the mainstream market price in Shandong was 1,280-1,380 RMB/ton. Recently, due to the impact of public security incidents, the operating rate of downstream factories continued to decline, the demand weakened significantly, the formaldehyde market turnover was light, the inventory had accumulated, and the market was weak and falling.

Upstream methanol situation: the domestic methanol market was weak and downward recently. Crude oil fluctuated widely, and methanol futures were weakly shocked. In terms of spot goods, the equipment of the manufacturer started to work stably. In order to actively remove inventory, the quotation of the manufacturer was reduced by about 50-100 RMB/ton. The traders and downstream customers were in a common mood to receive goods, mainly purchasing on demand.

Market outlook

Recently, the methanol market has continued to decline, and the downstream demand has weakened. Therefore, the formaldehyde analysts of SunSirs predict that the recent formaldehyde price in Shandong will mainly fall in shock.

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