According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has been fluctuating and consolidating recently. This week, the average price of formaldehyde in Shandong was 1103.33 yuan/ton, and the current price has decreased by 14.55% compared to last year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has been relatively stable. From the above chart, it can be seen that the recent formaldehyde market has mainly fluctuated slightly, and the market has continued to remain stable this week. As of July 6th, the mainstream market price in Shandong region is 1020-1150 yuan/ton. This week, the price of raw material methanol has shown an upward trend, but downstream sheet metal factories have poor demand, and market trading sentiment is average. Formaldehyde manufacturers are shipping normally, and the market is consolidating.

Upstream methanol situation: The domestic methanol market situation has been sorted out. The ex factory price of methanol in the southern region of Shandong is referenced to be around 2100 yuan/ton for cash exchange, while the delivery price in Linyi is referenced to be around 2160 yuan/ton for cash exchange. The local methanol factory in central Shandong offers a price of 2250-2250 yuan/ton for self delivery from the factory. The negotiated price range for methanol in the Dongying region of Shandong is 2070-2090 yuan/ton.

Recently, there has been an upward trend in the methanol market, with good cost support. Downstream sheet metal factories are experiencing poor operating rates due to high temperatures, causing a tug of war between supply and demand. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that formaldehyde prices in Shandong will mainly fluctuate and rise in the near future.