According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1203.33 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1210.00 yuan/ton, an increase of 0.55%. The current price has dropped by 2.94% year-on-year.
Recently, the price of formaldehyde in the Shandong region has slightly increased. From the above chart, it can be seen that the formaldehyde market has been mainly fluctuating slightly, with an increase this week. As of February 1st, the mainstream market price in Shandong region is 1150-1280 yuan/ton. This week, the price of raw material methanol has shown an upward trend, but downstream panel factories have poor demand, and market trading sentiment is average. Formaldehyde manufacturers are shipping normally, and the market is slightly rising with costs.
Upstream methanol situation: The domestic methanol market is operating with a narrow upward trend. During the week, there were relatively few socially available spot goods, coupled with the impact of weather and other factors on unloading speed. At the same time, the transportation cost from the northwest production area to the sales area market increased, leading to a significant increase in domestic methanol prices. As supply gradually recovers, downstream receiving sentiment is average, and the market is mainly wait-and-see.
Recently, the price of raw material methanol has risen, with good cost support. However, due to the impact of the Spring Festival holiday, the demand for on-site consumer terminals has continued to be poor, and the transaction volume in the formaldehyde market is average. Therefore, the formaldehyde analyst of the Chemical Branch of Shengyishe predicts that the formaldehyde price in Shandong will mainly fluctuate and consolidate in the near future.