The market price of formaldehyde rose in Shandong Province

According to the data of the bulk commodity list of the Business News Agency, the market price of formaldehyde in Shandong Province has fluctuated and risen recently. The average price of formaldehyde in Shandong Province at the beginning of the week was 1206.67 yuan/ton, and the average price of formaldehyde in Shandong Province at the end of the week was 1246.67 yuan/ton, up 3.31%, and the current price rose 5.06% year on year.

 

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formaldehyde

 

Recently, the market price of formaldehyde in Shandong Province has fluctuated and risen. From the above figure, we can see that the recent market of formaldehyde has mainly fluctuated slightly, and the market has risen this week. As of February 2, the mainstream market price in Shandong was 1200-1300 yuan/ton. Recently, after the Spring Festival, due to the low price of formaldehyde in the early stage, formaldehyde manufacturers have strong willingness to raise prices, and the formaldehyde market has risen.

 

Upstream methanol: the domestic methanol market fluctuated slightly. The quotation of methanol manufacturers in southern Shandong was concentrated at 2670 yuan/ton, and it was reported that the mainstream factory price was 2600 yuan/ton. Enterprises in the central and eastern part of Shandong Province have a factory output of 2610-2680 yuan/ton; The reference price of Dongying and surrounding areas is 2570-2580 yuan/ton.

 

Recently, the methanol market has fluctuated, the cost support is acceptable, and the superimposed formaldehyde inventory is currently controllable. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Society expects that the recent price of formaldehyde in Shandong Province is mainly fluctuating.

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