According to the data of the bulk commodity list of the business community, the formaldehyde market in Shandong rose this week. The average price of formaldehyde in Shandong at the beginning of the week was 1336.67 yuan/ton, and the average price of formaldehyde in Shandong at the weekend was 1403.33 yuan/ton, up 4.99%. The current price rose 9.64% month on month, and the current price fell 23.45% year on year.

formaldehyde

The price of formaldehyde market in Shandong Province rose this week. From the figure above, it can be seen that the formaldehyde market in the past two months has been dominated by a small upward trend, and this week’s rise has expanded. As of October 8, the mainstream market price in Shandong was 1380-1430 yuan/ton. Recently, the methanol market has risen sharply, with strong cost support. The demand of the downstream panel plants is general, and the purchase is still in demand. The transaction in the formaldehyde market is fair. The manufacturers normally ship, and the market continues to rise driven by the cost.

Upstream methanol: the domestic methanol market has risen recently. Some traders offer no goods. The price of coal is firm, raw materials support the methanol market, and there is a strong intention to prepare downstream goods before the festival. There is a slight difference between regions. Some regions are short of supply and have strong demand. Some regions have sufficient supply and general demand. The trend of methanol market is slightly different between regions.

This week, the methanol market continued to rise, and the cost level remained high. Driven by the rising cost, formaldehyde manufacturers led the market to rise in order to make profits. At present, the operating rate of formaldehyde manufacturers has risen, and the supply of goods is sufficient. Downstream plate plants maintain just need to purchase. The market transaction is general, and the formaldehyde market mainly rises with the rising cost.

Recently, the domestic methanol market has increased greatly, and the procurement of downstream wood panel plants has maintained a strong demand. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Cooperative predicted that the recent increase of formaldehyde prices in Shandong was mainly due to shock.