According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1212.50 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1240.00 yuan/ton, an increase of 2.27%. The current price has increased by 4.49% year-on-year.
formaldehyde
Recently, the price of formaldehyde in the Shandong region has fluctuated and risen. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, and this week’s market has risen. As of May 8th, the mainstream market price in Shandong region is 1220-1360 yuan/ton. This week, the price of raw material methanol has risen significantly, with strong cost support. Downstream demand for essential purchases has been maintained, and the market for formaldehyde manufacturers has mainly followed the rise of methanol.
Upstream methanol situation: The domestic methanol market is mainly experiencing a narrow upward trend. In recent times, there has been little contradiction in the fundamentals of methanol. The inventory of mainland sample enterprises is relatively low, and there is not much pressure on their shipments. In addition, some enterprises are outsourcing, resulting in a relatively high market atmosphere. The overall market is mainly strong. Downstream MTBE: After Yuhuang starts construction, it will affect next week’s production, leading to an increase in MTBE demand; Downstream chloride: After the shutdown and maintenance of mainstream factories in Shandong, the equipment returned to normal, and the demand for chloride increased; In the short term, the domestic methanol market is mainly weak and consolidating.
Recently, the price of raw material methanol has continued to rise, followed by a slight pullback. There are relatively few new orders in the downstream board market, and terminal demand is poor. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline slightly in the near future.
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