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 1203.33 yuan/ton, and the current price has decreased by 0.82% compared to last year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and consolidated. From the above chart, it can be seen that the recent formaldehyde market has mainly fluctuated slightly, and this week’s market remains relatively stable. As of August 25th, the mainstream market price in Shandong region is 1150-1260 yuan/ton. This week, the price of raw material methanol slightly increased, but downstream panel factories’ demand continued to be weak, some manufacturers passively conceded profits, and the atmosphere of formaldehyde on-site negotiations was light, with the market fluctuating and consolidating.

Upstream methanol situation: The methanol market is experiencing a narrow upward trend, with early maintenance equipment gradually recovering and industry operating rates rebounding. At the same time, port inventory is gradually accumulating, and the supply side is affected by bearish factors. On the other hand, most downstream product companies are in a period of lucrative profits, and the industry’s operating rate is relatively strong. The supply and demand sides are in a game, and the methanol market has entered a stage of range fluctuations.

The recent fluctuation of methanol market is limited, with a slight upward trend. Cost support is still acceptable, and formaldehyde is shipped normally. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly fluctuate and rise in the near future.