According to the bulk commodity list data of the business agency, the formaldehyde Market in Shandong fell this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1293.33 yuan / ton. At the end of the week, the average price of formaldehyde in Shandong was 1270.00 yuan / ton, down 1.80%. The current price fell by 12.26% month on month, and the current price fell by 3.97% year on year.

formaldehyde

The market price of formaldehyde in Shandong fell this week. It can be seen from the above figure that formaldehyde has mainly fallen in the past more than a month, and the market continued to fluctuate and fall this week. As of June 2, the mainstream market price in Shandong is 1250-1300 yuan / ton. Recently, due to domestic public health incidents, the downstream demand has not improved continuously, the manufacturers in Linyi have difficulty in shipping, the market transaction is light, and the market has been declining.

Summary of formaldehyde market prices in various regions as of June 2:

Region, Price

East China, 1310 yuan / ton

Central China, 1170 yuan / ton

South China, 1390 yuan / ton

Northwest China, 1300 yuan / ton

Upstream methanol: this week, the domestic methanol market was sorted out and watched. In terms of spot goods, the international oil price continued to rise, the coal price was firm, and the fundamentals were not significantly driven. The number of orders signed by factories in the main production areas in Northwest China has decreased, the bidding price of Lubei refinery has declined slightly, the supply side is relatively abundant, and the demand side has not changed significantly. The short-term domestic methanol market is mainly sorted out.

This week, the methanol market fluctuated and fell, the cost support was average, the operation of the downstream plate plant did not improve, the demand for formaldehyde in the field was limited, the market transaction was cold, the inventory kept rising, and the formaldehyde manufacturers had difficulties in shipping. In order to ship, they took the initiative to reduce the quotation, and the formaldehyde market continued to fall.

Recently, the domestic methanol market has been in a weak consolidation, and the demand of downstream wood panel plants is weak. Under the dual pressure, the formaldehyde analysts of the chemical branch of the business community predict that the recent decline in the price of formaldehyde in Shandong is mainly below.