1、 Price trend

According to the data of the commodity list of business association, the formaldehyde Market in Shandong fell this week. On December 16, the average price of formaldehyde was 1066.67 yuan / ton, and on December 20, the average price of formaldehyde was 1060.00 yuan / ton, down 0.63%. The current price fell 15.54% year on year.

2、 Market analysis

Products: the price of formaldehyde in the domestic market has fallen. As of the 20th, the mainstream factory quotation in Hebei is about 980 yuan / ton, the mainstream factory quotation in South China is about 1180 yuan / ton, the mainstream factory quotation in Shandong is about 1000 yuan / ton, and the mainstream factory quotation in Jiangsu is 1150 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock increased, formaldehyde Market Trading atmosphere is cold, the enterprise shipping pressure increased, the price fell slightly.

Industrial chain: the domestic methanol market continues to be weak, and the local price slightly falls. In terms of the mainland market, the overall change is not big, the demand side remains light, and some enterprises make a small profit when the shipment is weak. It is reported that under the red warning in Henan and other places, some downstream enterprises stop production and vehicle transportation is also limited, which needs continuous attention. In the port market, inventory continued to decline and the market fluctuated in a narrow range, with little change as a whole. However, after the port price was raised, arbitrage with the mainland was closed, and shipment weakened. Limited support for formaldehyde. The downstream market is affected by the environmental protection regulation, the overall operating rate has declined, the demand has shrunk slightly, and the price of formaldehyde tends to decline.

3、 Future forecast

Recently, methanol in the upstream has been sorted in a narrow range, with a small fluctuation in cost and a cold trading atmosphere in the market. The operating rate in the downstream market is generally maintained and just needs to be purchased. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or low level consolidation is the main trend in the near future.