According to the data of bulk commodity list of business agency, the market of formaldehyde in Shandong Province has dropped slightly recently. On the 21st, the average price of formaldehyde in Shandong was 866.67 yuan / ton, while on the 29th it was 860.00 yuan / ton. The current price fell by 0.39% month on month, and the current price was 23.89% lower than last year.

Recently, the domestic formaldehyde market price has been stable. As of July 29, the mainstream factory quotation in Central China is about 875 yuan / ton, that of North China is 740 yuan / ton, and that of East China is 920 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and load of 50%. Recently, the market of formaldehyde in Shandong Province has declined slightly, the start-up of formaldehyde enterprises is basically stable, the market supply is relatively sufficient, the trading atmosphere is cold and clear, and the formaldehyde market has declined slightly.

The upstream methanol market showed a situation of mutual rise and fall, with different ranges in different regions. Methanol port inventory accumulation, high inventory problem can not be seen to ease hope, the market chase up mentality fell, the overall lack of gas. In terms of demand, the traditional downstream gradually recovered, but it was still lower than the same period last year. Under the profit driven, the overall olefin operating level was at a high level, and there was no room for further growth. In addition, the inventory of some downstream enterprises was relatively high, limiting the growth of methanol demand.

The downstream wood panels entered the traditional off-season, the terminal demand continued to be weak, and replenishment was not increased due to the impact of low prices. The market trading atmosphere was cold and clear, the factory offer moved down with the gravity center, and the formaldehyde market declined slightly.

In recent days, the rise and fall of methanol in the upstream are mutual, and the terminal is basically purchased on demand. Therefore, the chemical branch of the business agency formaldehyde analysts predict that the recent domestic formaldehyde prices will mainly fall below.