According to the bulk commodity list data of shanghaishe, the recent weak consolidation of Shandong formaldehyde market, the average price of Shandong formaldehyde is 1213.33 yuan / ton, the current price fell by 6.19% month on month, and the current price fell by 9.45% year-on-year.

formaldehyde

Recently, the formaldehyde market price in Shandong has been weak. From the above figure, it can be seen that the formaldehyde market has been mainly volatile and falling in the past two months, and the recent market has been basically stable. As of July 19, the mainstream market price in Shandong is 1200-1220 yuan / ton. Recently, the methanol market has not fluctuated much, the cost support is general, the downstream operating rate has not been greatly improved, the just needed procurement has been maintained, the formaldehyde manufacturers have stably shipped, and the market is weak and consolidated.

Upstream methanol: the domestic methanol market was in a downturn, and the decline slowed down. The receiving price in northern Shandong, the main end market, is down synchronously, and the inventory of raw materials in local downstream factories is high, causing serious vehicle crushing. The production cost of methanol may be weakened, the supply of methanol will not be reduced, and the downstream rigid demand will prevail. Methanol analysts at business club predict that in the short term, the domestic methanol market may still decline at a low level.

This week, the methanol market was adjusted at a low level, the cost support was general, the construction of downstream plate factories did not improve, the demand for formaldehyde in the field was limited, formaldehyde manufacturers shipped normally, the market transaction was light, and the formaldehyde market was weak.

Recently, the domestic methanol market has a downward trend, and the demand of downstream wood panel plants continues to be poor. Therefore, formaldehyde analysts from the chemical branch of shanghaishe predict that the recent decline in formaldehyde prices in Shandong is mainly weak.