1、 Price trend
According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on May 1 was 873.33 yuan / ton, and on May 27, the average price of formaldehyde in Shandong Province was 880.00 yuan / ton, an increase of 0.76%. The lowest price was 863.33 yuan / ton on May 6, and the current price was 25.63% lower than that of last year.
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2、 Market analysis
In May, the price of formaldehyde in the domestic market fluctuated in a narrow range. As of May 27, the quotation of mainstream manufacturers in Hebei was about 740 yuan / ton, that of mainstream manufacturers in Shandong was 815 yuan / ton, and that of mainstream manufacturers in Jiangsu was 1075 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%. In May, the average price of formaldehyde in Shandong hovered in the range of 850-880 yuan / ton. The start-up of formaldehyde enterprises was basically stable, the supply of goods in the market was relatively sufficient, the trading atmosphere in the market was general, formaldehyde manufacturers actively shipped, and the market fluctuated in a narrow range.
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Upstream methanol situation: some upstream enterprises in Shaanxi, Mongolia and other parts of Northwest China cut their selling prices to 1300-1330 yuan / ton, some of which were closed, the two sessions were held, the freight was high, the traders operated cautiously, and the methanol price fell. Throughout may, methanol market fell in a weak position, unable to provide formaldehyde cost support, the downstream terminal demand is limited, formaldehyde enterprises are actively moving goods, formaldehyde enterprise quotation is affected by poor raw material market, and the market is narrow and volatile.
3、 Future forecast
Recently, the upstream methanol price has been mainly volatile and consolidated, with general cost support and fair trading atmosphere. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price might be weak and stable in the near future.
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