1、 Price trend

The average price of formaldehyde in Shandong Province is 1053.33 yuan / ton in recent days, according to the data in the commodity list of business association. The current price is down 12.95% year on year.

2、 Market analysis

Products: the domestic formaldehyde market price is low and consolidated. As of the 26th, Hebei’s mainstream factory quotation is about 1000 yuan / ton, Shandong’s mainstream factory quotation is 1000 yuan / ton, and Jiangsu’s mainstream factory quotation is 1200 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has not been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. Formaldehyde manufacturers are returning to work one after another, but overall, the operating rate is low, the formaldehyde market transaction is light, and the price remains stable.

Industrial chain: the trading atmosphere of domestic methanol market has changed, and the volume of transactions is significant. This week, the mainland market as a whole showed a trend of stability first and then growth, mostly around 50-100 yuan / ton; the trend of the port was more volatile, and Taicang, Fujian and other places rose 10-30 yuan / ton. The methanol to olefin unit in Northwest China started to be upgraded, and phase II of Jiutai in Inner Mongolia and Baofeng in Ningxia recovered to full capacity production. The polypropylene brand is the raw material for mask production. The inventory of two major ports in East China and South China continued to increase, with a total social inventory of 930200 tons, an increase of 14100 tons compared with last week. There are some supporting factors for formaldehyde. The downstream market is still at a low level, with little increase in demand. The trading atmosphere of formaldehyde market is cold, the actual transaction is light, and the formaldehyde market is low and consolidated.

3、 Future forecast

Recently, the transaction activity of methanol market in the upstream obviously indicates that the volume and price will rise in some parts, but the overall recovery of the downstream market still takes time, and formaldehyde manufacturers are also actively returning to work. Therefore, formaldehyde analysts of the chemical branch of business society expect that the domestic formaldehyde price or low consolidation will be the main trend in the near future.