I. price trend

According to the data of the commodity list of the business association, the formaldehyde Market in Shandong Province has been rising slightly recently. The average price of formaldehyde on November 19 was 1076.670 yuan / ton, and the average price of formaldehyde on November 20 was 1083.33 yuan / ton, up 0.62%. The current price is down 28.96% year on year.

II. Market analysis

Products: the price of formaldehyde in domestic market has increased slightly. As of the 20th, the main factory quotation in Hebei is about 940 yuan / ton, the main factory quotation in South China is about 1200 yuan / ton, the main factory quotation in Shandong is 1080 yuan / ton, and the main factory quotation in Jiangsu is 1250 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Formaldehyde market supply is acceptable, the market trading atmosphere has picked up, and the price has risen slightly.

Industry chain: domestic methanol market performance is different, up and down are reflected. In terms of the mainland market, the atmosphere in some regions is fair and the trend continues to rise under the partial stop of sales; at present, the port market is in linkage with each other during the maintenance period, showing weakness, and needs to pay attention to the futures market dynamics in the short term. Local downstream markets started to operate in succession, and the overall demand rose, providing support for formaldehyde. Formaldehyde prices bottomed out.

III. future forecast

Recently, the upstream methanol market “probe”, supported by the cost side, the market turnover has recovered, and the downstream market operating rate has recovered, but it still takes time to open the demand market, so the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or consolidation is the main one in the near future.