According to the data of the commodity list of the business society, the formaldehyde Market in Shandong has risen sharply recently. On March 1, the average price of formaldehyde in Shandong was 1247.67 yuan / ton, and on March 31, the average price of formaldehyde in Shandong was 1466.67 yuan / ton, up 17.65%. The current price has increased by 20.55% month on month, and the current price has increased by 69.23% year on year.

Recently, the domestic formaldehyde market price has risen. As of March 31, the mainstream ex factory quotation in Central China has increased by 23 yuan / ton to 1323 yuan / ton, the mainstream ex factory quotation in North China has increased by 1275 yuan / ton, and the mainstream ex factory quotation in East China has increased by 45 yuan / ton to 1374 yuan / ton. Shandong Linyi Galaxy formaldehyde production capacity of 120000 tons / year formaldehyde plant has been restarted. Recently, the trading atmosphere of formaldehyde market is active, with an increase of nearly 20% in March. The supply of market goods is short of demand, and the transaction is in good condition. The formaldehyde market has gone up sharply.

Upstream methanol situation: the negotiated price of methanol market in southern Shandong increased by 20-50 yuan / ton to 2260 yuan / ton, and the nearby factory raised cash. Linyi receives the local goods to negotiate the price to 2250-2260 yuan / ton and deliver them to spot exchange. The logistics goods offer 2230-2240 yuan / ton and deliver them to spot exchange. Shandong methanol Lubei market reference price 2250 yuan / ton to spot. Methanol overall trading atmosphere is good, the market continues to rise, forming a strong support for formaldehyde market.

Affected by the blockage of the Suez Canal, the recent rise in international crude oil prices has led to the rising cost of chemical raw materials, and the price rise of bulk commodities is gratifying. In this context, the rising wood prices have promoted the strong atmosphere of formaldehyde downstream plate factories and adhesive factories. The industry has a positive purchasing attitude. The supply of formaldehyde is in short supply, and the formaldehyde market has risen sharply.

Recently, the upstream raw material methanol showed an upward trend, and the demand of the downstream plate factories was acceptable. Although the atmosphere of grabbing goods dropped slightly, the overall trading remained good. Therefore, the formaldehyde analysts of the chemical branch of the business society predicted that the price of formaldehyde in Shandong would mainly rise in the near future.