According to the bulk commodity list data of business society, the market price of formaldehyde in Shandong rose this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1676.67 yuan / ton, and at the weekend, the average price of formaldehyde in Shandong was 1833.33 yuan / ton, up 9.34%. The current price rose 30.95% month on month, and the current price rose 80.33% year-on-year.

formaldehyde

The market price of formaldehyde in Shandong rose this week. As can be seen from the figure above, formaldehyde rose for more than one consecutive week, with a maximum increase of more than 9% in a single week. As of October 8, the mainstream market price in Shandong is 1820-2000 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines that were discontinued on June 25, with an annual production capacity of 80000 tons and a formaldehyde content of 37%. Recently, the operation of formaldehyde enterprises has not been significantly improved, the inventory situation is relatively optimistic, the transaction situation of formaldehyde market is OK, and the formaldehyde Market continues to rise.

Upstream methanol: methanol supply in Northwest China and other places has shrunk, the price of power coal continues to reach a new high, the support of methanol production cost is obvious, the price of methanol futures has risen sharply, and the domestic methanol spot market has continued to rise. Under the influence of the policy, the supply of methanol in the mainland is limited, and the downstream goods preparation is more active before the national day. The downstream strong goods preparation operation synchronously supported the sharp rise of the market. The methanol market continued to rise sharply, providing strong cost support for formaldehyde.

Some of the downstream plate factories started on holidays, maintained rigid demand procurement, had acceptable acceptance of the market situation, and had no obvious resistance. Formaldehyde manufacturers actively shipped, and the market inventory was digested stably. The formaldehyde market was mainly driven by the rise of methanol and rose with the rise of methanol market.

Recently, the methanol market has risen sharply, the market remains high and the cost support is strong. Therefore, the formaldehyde analyst of the chemical branch of the business society expects that the recent formaldehyde price rise in Shandong is dominated by shock.