According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on the 16th was 873.33 yuan / ton, and the average price of formaldehyde in Shandong Province on the 17th was 860.00 yuan / ton, down 1.53%. The current price is down 1.90% month on month, and the current price is down 25.00% year on year.

Recently, the price of formaldehyde in the domestic market has fallen. As of June 17, the main factory quotation in Hebei is about 760 yuan / ton, that in Shandong is 795 yuan / ton, and that in Jiangsu is 945 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and a load of 50%. Recently, the formaldehyde Market in Shandong Province has declined. The start-up of formaldehyde enterprises has been basically stable. The market supply is relatively sufficient. The on-site trading atmosphere is weak, and the formaldehyde market has declined.

Upstream methanol situation: Recently, the raw methanol started to decline from last Friday, with more wait-and-see orders, and the actual single transaction was light. With the inflow of port goods, the increase of inventory and the increasingly fierce market competition, formaldehyde cost cannot be supported.

The downstream wood board has entered the traditional off-season, the terminal demand continues to shrink, the market trading atmosphere is cold and clear, the formaldehyde enterprise shipping is difficult, and the market continues to decline.

Recently, the price of methanol in the upper reaches of the river has been weak, and the cost side is not well supported. Formaldehyde enterprises are under pressure. Therefore, the formaldehyde analysts of the chemical branch of the business society expect that the price of formaldehyde in China will fall mainly in the near future.