The cost support is general, and the formaldehyde Market in Shandong is consolidated

According to the bulk commodity list data of the business agency, the formaldehyde Market in Shandong was volatile and consolidated this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1206.67 yuan / ton, and at the weekend, the average price of formaldehyde in Shandong was 1213.33 yuan / ton. The current price rose 0.55% month on month, and the current price fell 9.68% year-on-year.


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This week, the formaldehyde market price in Shandong was basically stable. From the above figure, we can see that the formaldehyde market has not fluctuated much in the past two months. This week, the market fluctuated and consolidated, rising slightly. As of August 4, the mainstream market price in Shandong is 1200-1220 yuan / ton. Recently, the methanol market has been shaken and consolidated, and the cost support is general. The formaldehyde market is basically stable under the influence of methanol, and the downstream demand is difficult to improve. Just need to purchase is maintained. The formaldehyde market transaction is general, and the market fluctuation is not large.


Upstream methanol: the domestic methanol market has a slight upward trend, but the momentum is insufficient and the upward trend is weak. The main reasons are the following two aspects: one is that the cost has fallen significantly, and the chemical coal at the pit mouth has weakened; On the other hand, demand continues to be weak and market confidence is insufficient.


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This week, the methanol market fell first and then rose, mainly due to shock consolidation. The downstream plate factories are generally operating, and they are more wait-and-see about the formaldehyde market. The bargaining mood is strong, and the market inventory digestion is poor. It is difficult to improve the formaldehyde price, maintain the shipment at a low price, and the formaldehyde situation has little fluctuation.


Recently, the domestic methanol market has been shaken and sorted out, and the demand of downstream wood panel factories has continued to be weak. Therefore, formaldehyde analysts from the chemical branch of the business agency expect that the recent formaldehyde price in Shandong will mainly fall in shock.

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