1、 Price trend

According to the data of the commodity list of the business association, the formaldehyde Market in Shandong Province has been stable recently. The average price of formaldehyde is 1060.00 yuan / ton. The current price is down 11.30% year on year.

2、 Market analysis

Products: the market price of formaldehyde in China is stable. As of the 25th, the main factory quotation of Hebei is about 980 yuan / ton, that of South China is about 1180 yuan / ton, that of Shandong is about 1000 yuan / ton, and that of Jiangsu is 1130 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. There are a lot of restart of formaldehyde plant, sufficient supply and inventory of formaldehyde market, flat trading atmosphere of formaldehyde market, large shipping pressure of enterprises, and stable price.

Industrial chain: the domestic methanol market continues to be weak, and the local price slightly falls. In terms of the mainland market, the overall change is not big, the demand side remains light, and some enterprises make a small profit when the shipment is weak. It is reported that under the red warning in Henan and other places, some downstream enterprises stop production and vehicle transportation is also limited, which needs continuous attention. In the port market, inventory continued to decline and the market fluctuated in a narrow range, with little change as a whole. However, after the port price was raised, arbitrage with the mainland was closed, and shipment weakened. Limited support for formaldehyde. The downstream market is affected by the environmental protection regulation, the overall operating rate is average, the rigid purchase is maintained, and the formaldehyde price is adjusted.

3、 Future forecast

Recently, methanol in the upstream has been sorted in a narrow range, with little fluctuation in cost, light market trading, general operating rate in the downstream market, and weak support in demand and cost. Therefore, formaldehyde analysts of the chemical branch of the business society expect that the domestic formaldehyde price or low consolidation will be the main trend in the near future.