Shandong formaldehyde market prices fluctuate

According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1240.00 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1237.50 yuan/ton, a decrease of 0.20%. The current price has increased by 5.77% year-on-year.

 

formaldehyde

 

Recently, the price of formaldehyde in the Shandong region has fluctuated and fallen. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months. This week, the market has slightly increased and then rebounded. As of May 15th, the mainstream market price in Shandong region is 1200-1300 yuan/ton. This week, the price of raw material methanol fluctuated and consolidated, with weak cost support. The operating rate of mainstream downstream plate factories is expected to decline, and the support for formaldehyde production is weak. Some formaldehyde production enterprises have accumulated inventory expectations, and the market is mainly slightly downward.

 

Upstream methanol situation: The domestic methanol market has seen a narrow decline. In terms of supply, global coal supply is stable, domestic imports have increased, and the increase in domestic demand is not enough to support coal prices to continue operating at high levels; In terms of demand, the temperature has risen, the civilian electricity load has fallen, and the overall pressure on power plant inventory is relatively small. Currently, terminals mainly rely on long-term cooperative replenishment, and replenish warehouses according to demand. The demand for coal in the market is relatively flat, and the overall sentiment is more wait-and-see. It is expected that the short-term thermal coal market will maintain a volatile and weak operation. The cost side of methanol is influenced by bearish factors. The supply of goods continues to be abundant, while downstream demand is relatively average in a supply-demand game state. Business Society Methanol Analysts predict that in the short term, the domestic methanol market prices will be mainly weak and consolidating.

 

In recent times, the price of raw material methanol has been mainly fluctuating, and many on-site formaldehyde units have maintained their initial load operation, with continuous supply growth. Downstream panel factories have lowered their operating rates as the temperature warms up. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline in the near future.

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