According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1076.67 yuan/ton, and at the end of the week, the average price of formaldehyde in Shandong was 1110.00 yuan/ton, an increase of 3.10%. The current price has decreased by 8.52% compared to last year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has been relatively stable and rising. From the above chart, it can be seen that the recent formaldehyde market has mainly fluctuated slightly, with a weekly increase or decrease of no more than 2%. This week’s market has slightly increased. As of July 14th, the mainstream market price in Shandong region is 1020-1160 yuan/ton. This week, the price of raw material methanol stabilized after rising, while downstream off-season procurement remained in demand. Formaldehyde was mainly driven by rising costs, with a slight increase in the market.

 
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 2310-2330 yuan/ton in cash exchange, while the delivery price in Linyi is referenced to be around 2350-2360 yuan/ton in cash exchange. The local methanol factory in central Shandong offers a price of 2400-2400 yuan/ton for self delivery. The negotiated price range for methanol in the Dongying region of Shandong is 2280-2280 yuan/ton.

After the recent rise in methanol prices, it has temporarily stabilized. However, downstream sheet metal factories have had poor operating rates due to high temperatures, and their acceptance of goods is not high, resulting in poor transactions on the market. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that formaldehyde prices in Shandong will mainly fluctuate and fall in the near future.