According to the data of the bulk commodity list of the business community, the formaldehyde market in Shandong was consolidated this week. The average price of formaldehyde in Shandong was 1383.33 yuan/ton. The current price fell 3.04% month on month and 16.16% year on year.

formaldehyde

This week, the formaldehyde market price in Shandong was stable. From the above figure, we can see that the recent fluctuation of formaldehyde market is not large, and this week it continues to be weak and consolidated. As of November 9, the mainstream market price in Shandong was 1350-1400 yuan/ton. Recently, the domestic methanol market fluctuated in a narrow range, with average cost support. Due to the impact of public security incidents, logistics and transportation were not smooth, and the formaldehyde market was rarely traded. Recently, the situation has improved slightly, but the market has not improved significantly.

Upstream methanol: the market in East China rebounded at a low level, and the transaction was fair. Futures stopped falling and rebounded, production facilities of major enterprises in some regions stopped, supply decreased, and market buying improved. The logistics in some regions is limited but the demand is weak, and the downstream receiving price is weak.

Recently, the domestic methanol market has slightly retreated, giving formaldehyde a certain cost support. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Cooperative predicted that the formaldehyde price in Shandong would increase mainly due to shocks in the near future.