According to the data from the commodity list of business associations, the domestic formaldehyde market fell this week, with the average price of formaldehyde at the beginning of the week (April 1) being 1600.00 yuan/ton, and at the end of the week (April 4), the average price of formaldehyde at the weekend (April 4) being 1500.00 yuan/ton, down by 6.25%, and the current price fell by 1.64% compared with last year.
II. Market Analysis
Products: Domestic formaldehyde market prices fell. At the weekend, Hebei mainstream factory quotation was about 1 270 yuan/ton, South China mainstream factory quotation was about 1 350 yuan/ton, Shandong mainstream factory quotation was 1 400 yuan/ton, Jiangsu mainstream factory quotation was 1 500 yuan/ton. Tianning Chemical 80,000 tons of formaldehyde plant restarted, formaldehyde market supply is still available, downstream manufacturers affected by environmental protection start-up rate has increased, formaldehyde prices fell.
Industry chain: The upstream methanol market is affected by macro and port stocks. At the beginning of the week, the price is 2380.00 yuan/ton, and at the end of the week, it is 2417.00 yuan/ton, up 1.56%. No support for formaldehyde products, formaldehyde manufacturers have a general mentality, downstream maintenance just need to purchase, on-site trading is more cautious, formaldehyde prices fell.
3. Future Market Forecast
Upstream methanol market has risen slightly in recent days, cost support is still acceptable, downstream start-up rate is general, so business society chemical branch formaldehyde analysts expect that domestic formaldehyde prices or shock consolidation in the near future