1、 Price trend
According to the data of the commodity list of business association, the average price of formaldehyde in Shandong on June 2 was 880.00 yuan / ton, and the average price of formaldehyde in Shandong on June 3 was 873.33 yuan / ton, down 0.76%. The current price is 27.62% lower than that of last year.
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2、 Market analysis
Recently, the price of formaldehyde in the domestic market has declined slightly. As of June 3, the price of mainstream factory in Hebei is about 715 yuan / ton, that of mainstream factory in Shandong is 810 yuan / ton, and that of mainstream factory in Jiangsu is 1065 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 recent years, the average price of formaldehyde in Shandong Province has been stable, the start-up of formaldehyde enterprises has been basically stable, the supply of goods in the market is fair, the atmosphere of on-site trading is weak, and the formaldehyde market has declined slightly.
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Upstream methanol situation: the port has sufficient supply, high inventory has certain suppression on the methanol market, the mentality of the operators is weak, the market transaction atmosphere is weak, and the price continues to decline. Methanol market is weak and can’t support formaldehyde cost. The orders of wood board factories continue to shrink. The terminal is just in need. Formaldehyde enterprises have a general mentality. The quotation of formaldehyde enterprises is affected by poor raw material market, and the market is slightly down.
3、 Future forecast
In recent days, the price of methanol in the upstream mainly fluctuated, the cost side was not well supported, and the on-site trading atmosphere was light. Therefore, the formaldehyde analysts of the chemical branch of business society expect that the domestic formaldehyde price or weak trend will decline in the near future.
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