Price Trend

According to the data of the commodity list of business associations, the domestic formaldehyde market rose sharply on March 25. The average price of formaldehyde last weekend (March 22) was 1306.67 yuan/ton, and that of March 25 was 1566.67 yuan/ton, an increase of 19.90%, which is 2.73% higher than that of last year.

II. Market Analysis

Products: Domestic formaldehyde market prices have risen sharply, Hebei mainstream ex-factory quotation is about 1370 yuan/ton, up 150 yuan/ton, South China mainstream ex-factory quotation is about 1450 yuan/ton, up 100 yuan/ton, Shandong mainstream manufacturer quotation is 1700 yuan/ton, up 350 yuan/ton, Jiangsu mainstream ex-factory quotation is about 1400 yuan/ton, up 100 yuan/ton. Influenced by environmental protection inspection, formaldehyde factories have low start-up rate and low inventory, while downstream factories have increased start-up rate, increased consumption, urgent need for supply, serious gap, and sharp rise in formaldehyde prices.

Industry chain: The upstream methanol market is affected by macro and port inventory. Given the support of formaldehyde products, the mentality of formaldehyde manufacturers is strong, downstream demand is rising, procurement is active, on-site trading atmosphere is warm, and the price of formaldehyde has risen sharply.

3. Future Market Forecast

Upstream methanol market has risen slightly in recent days, cost support is still acceptable, downstream start-up rate has risen, so formaldehyde analysts of business and social chemical branch predict that domestic formaldehyde prices or shocks will dominate in the near future.