I. price trend
According to the data of the commodity list of the business association, the formaldehyde Market in Shandong recently fell. The average price of formaldehyde at the end of last week was 1280.00 yuan / ton, and the average price of formaldehyde on the 22nd was 1170.00 yuan / ton, down 8.59%. The current price is 23.28% lower than last year.
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II. Market analysis
Products: the price of formaldehyde in the domestic market has fallen. As of the 22nd, the mainstream factory price in Hebei is about 1140 yuan / ton, the mainstream factory price in South China is about 1200 yuan / ton, the mainstream factory price in Shandong is 1100 yuan / ton, and the mainstream factory price in Jiangsu is 1400 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock up, formaldehyde Market Trading atmosphere is cold, prices all the way down.
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Industry chain: the upstream methanol is continuously pressurized by the port inventory, and the subsequent pressure to go to the storage is greatly affected. The delivery of methanol in the mainland market is not smooth. At present, the industry is obviously short-sighted, and most traders wait and see. The demand of downstream market is general and the support is limited. Affected by the sharp drop in supply and demand costs, formaldehyde prices fell.
III. future forecast
Recently, the upstream methanol has a large stock in the field, and the phenomenon of high stock in the port is hard to disappear in a short time. The market trading is light, the inland ports of methanol are all falling, and the cost side continues to be explored. Therefore, the formaldehyde analyst of the chemical branch of the business society predicts that the recent domestic formaldehyde price or consolidation drop is the main trend.
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