1、 Price trend
According to the data of the commodity list of business association, the formaldehyde Market in Shandong fell on December 2. The average price of formaldehyde on December 31, 2019 was 1060.00 yuan / ton, and the average price of formaldehyde on January 2, 2020 was 1046.67 yuan / ton, down 1.26%. The current price is down 9.38% year on year.
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2、 Market analysis
Products: the price of formaldehyde in the domestic market has fallen. As of the 2nd day, the main factory quotation in Hebei is about 980 yuan / ton, the main factory quotation in South China is about 1180 yuan / ton, the main factory quotation in Shandong is about 1000 yuan / ton, and the main factory quotation in Jiangsu is 1160 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%. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock increased, formaldehyde Market as a whole deal light, formaldehyde manufacturers shipping is not smooth, prices fell slightly.
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Industrial chain: in recent days, the upstream methanol market has been reorganized in a narrow range. In terms of the mainland market, the overall change is not big, the demand side remains light, the port inventory continues to be in a large range in the reservoir area, the market circulation source gradually reduces, the methanol price has a small rise, but the consolidation will be maintained soon, with limited support for methylaldehyde. The downstream market is affected by environmental protection regulations, with limited start-up and shrinking demand. The formaldehyde price tends to decline while the rigid purchase is maintained.
3、 Future forecast
Recently, the upstream methanol market tends to be stable, the cost fluctuation is small, and the actual order transaction is limited. The downstream market operating rate generally maintains rigid demand procurement, and the cost and demand support is weak. Therefore, the formaldehyde analyst of the chemical branch of the business society predicts that the domestic formaldehyde price or low consolidation is the main factor in the near future.
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