According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has been stable recently. This week, the average price of formaldehyde in Shandong was 1216.67 yuan/ton, and the current price has decreased by 12.05% 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 formaldehyde market has mainly fluctuated slightly in the past two months, and the market has continued to remain stable this week. As of October 26th, the mainstream market price in Shandong region is 1120-1330 yuan/ton. This week, the price of raw material methanol showed a slight upward trend, with good cost support. However, downstream plate factories have not started well, demand is weak, procurement is weak, and the formaldehyde market is fluctuating and consolidating.

Upstream methanol situation: The domestic methanol market has slightly increased. Currently, there is a possibility of a large downstream MTO device being put into operation, and the demand is good. In addition, macroeconomic benefits have also played a certain driving role. At the same time, port inventory has been significantly reduced, and the methanol market is gradually improving.

Recently, the methanol market has slightly increased, with good cost support. Downstream panel factories have maintained their demand for procurement, while formaldehyde manufacturers have shipped normally. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly rise in the near future.