According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has been fluctuating and declining recently. At the beginning of the week, the average price of formaldehyde in Shandong was 1186.67 yuan/ton. At the beginning of the week, the average price of formaldehyde in Shandong was 1176.67 yuan/ton, a decrease of 0.84% compared to last week, and the current price has dropped by 12.41% compared to last year.

formaldehyde

Recently, the price of formaldehyde market in Shandong has fluctuated and dropped. It can be seen from the figure above that the recent market of formaldehyde mainly fluctuates slightly, and this week’s market has declined. As of May 11, the mainstream market value price in Shandong was 1120-1280 yuan/ton. This week, the price of raw material methanol fell weakly, downstream sheet metal factories started smoothly, and demand support on the market was average. Market trading sentiment was poor, and formaldehyde manufacturers led the formaldehyde market to decline in order to ship.

Upstream methanol situation: The domestic methanol market is fluctuating and declining, with Jining’s methanol factory price reference being around 2300 yuan/ton for cash withdrawal, and Linyi’s delivery price reference being around 2350 yuan/ton for cash withdrawal. The local methanol factory in central Shandong quoted a price of 2400 yuan/ton for cash remittance, while the reference price for the methanol market in Dongying, Shandong is 2320-2330 yuan/ton for cash remittance.

Recently, the methanol market has been weak and declining, with poor cost support. Downstream sheet factories are maintaining their demand for procurement. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly fluctuate and fall in the near future.