Weak supply and demand: weak consolidation of Shandong formaldehyde Market

According to the data of the bulk commodity list of the business community, the recent market situation of formaldehyde in Shandong is weak and consolidated. The average price of formaldehyde in Shandong is 1213.33 yuan / ton. The current price has decreased by 1.89% month on month, and the current price has decreased by 8.08% year on year.


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Recently, the market price of formaldehyde in Shandong Province has been weak and consolidated. From the above figure, it can be seen that the market of formaldehyde in the past two months has been mainly fluctuating and falling, and the recent market is basically stable. As of August 11, the mainstream market price in Shandong is 1200-1220 yuan / ton. Recently, the upstream methanol market fluctuates little, the cost support is general, the downstream operating rate has not been greatly improved, the demand for procurement is maintained, the market transaction is flat, the formaldehyde manufacturers have stable shipments, and the market is weak.

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Upstream methanol: the domestic methanol market fluctuates in a narrow range. No matter in terms of production enterprises or import source prices at ports, the rise and fall are not large. Although the coal price is high, which seems to drive the methanol market to rise, the demand is low, which restricts the development of the whole industrial chain.


This week, the methanol market was adjusted at a low level, the cost support was general, the operation rate of the downstream plate factory was not improved, the demand for formaldehyde was limited, the purchase was maintained, the formaldehyde manufacturers were normally shipped, the market transaction was light, and the formaldehyde market was adjusted at a weak level.


Recently, the domestic methanol market has a downward trend, and the demand of downstream wood panel plants continues to be poor. Therefore, the formaldehyde analysts of business social chemical branch predict that the recent decline in the price of formaldehyde in Shandong is mainly weak.


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