According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong increased in April. At the beginning of the month, the price of formaldehyde in Shandong was 1206.67 yuan/ton, and at the end of the month, it was 1212.15 yuan/ton, an increase of 0.48%. The lowest point on April 10th was 1197.50 yuan/ton, and the current price has increased by 2.18% year-on-year.
formaldehyde
In April, the price of formaldehyde in the Shandong region increased. From the above chart, it can be seen that the formaldehyde market has fluctuated less in the past three months, and this month the market has bottomed out and rebounded. As of April 25th, the mainstream market price in Shandong region is 1180-1300 yuan/ton. In April, the raw material methanol market fluctuated upwards, and the price of formaldehyde basically followed the changes in methanol. However, downstream purchases remained in demand, and the receiving sentiment was poor. Formaldehyde was weak in following the rise, and the market slightly rose.
Upstream methanol situation: In April, the domestic methanol market rose, with a decrease in domestic methanol supply but little change in demand. In addition, some downstream companies began pre holiday stocking before the May Day holiday, and production enterprises continued to reduce inventory. The domestic methanol market continued to rise and operate mainly. The loss is greater than the recovery, resulting in a decrease in capacity utilization. The supply side of methanol is influenced by favorable factors.
Recently, the price of raw material methanol has fallen significantly, with poor cost support. Some formaldehyde production enterprises have lowered their equipment load ahead of the off-season. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline slightly in the near future.
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