Price trends
Formaldehyde prices in Shandong fell recently, with the average price of formaldehyde at the weekend being 1280.00 yuan/ton, while the average price of formaldehyde on the 22nd was 1170.00 yuan/ton, down 8.59 %. The current price fell 23.28 % from last year.
Analysis of the market
Products: Domestic formaldehyde market prices fell, as of the 22nd, Hebei mainstream factory quotation in about 1,140 yuan / ton, South China mainstream factory quotation in 1200 yuan / ton, Shandong mainstream factory quotation in 1,100 yuan / ton, Jiangsu mainstream factory quotation 1400 yuan / ton. The annual output of 120,000 tons of formaldehyde devices in Linyi Galaxy in Shandong Province has been restarted, with formaldehyde content of 36.7-37 %. Linyi Jinyuan Chemical has 2 formaldehyde production lines, an annual production capacity of 80,000 tons, formaldehyde content of 37 %, the device has been restarted. Formaldehyde device restart more, formaldehyde market inventory rise, formaldehyde market trading atmosphere cold, prices are falling.
Industrial chain: upstream methanol is continuously pressurized by the port inventory, the pressure on subsequent storage is greatly affected, the methanol market in the Mainland is not smooth, and the industry is currently inclined to the empty mentality, and most traders wait and see. The downstream market demand is general and the support is limited. Affected by the sharp drop in the cost of supply and demand, formaldehyde prices fell.
III. Post-market projections
In recent days, upstream methanol is currently relatively large inventory in the field, the phenomenon of high inventory in the port is difficult to disappear in the short term, the market exchange is light, the methanol inland port falls, and the cost continues to explore, so the formaldehyde analyst of the business community chemical branch expects that the recent domestic formaldehyde price or consolidation. Mainly.
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