1、 Price trend

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on April 20 was 916.67 yuan / ton, and the average price of formaldehyde in Shandong Province on April 21 was 906.67 yuan / ton, down 1.09%. The current price is 37.18% lower than last year.

2、 Market analysis

Products: Recently, the price of formaldehyde in domestic market has fallen. As of April 21, the main factory quotation of Hebei is about 800 yuan / ton, that of Shandong is 840 yuan / ton, and that of Jiangsu is 1035 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 Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. The formaldehyde market has sufficient supply of goods, and the trading atmosphere in the market is cold. Formaldehyde manufacturers are actively selling goods, and the price is falling.

Industry chain: upstream methanol: international oil price breaks the historical low, WTI futures encounter a crazy sell-off, falling to a negative value for the first time in history, the world financial environment affects the domestic economic environment, the mentality of methanol participants is affected, and the price drops. The downstream procurement just needs to be dominated, and the overall transaction is light. The quotation of formaldehyde enterprises was affected by the decline of raw materials, and the market fell.

3、 Future forecast

Recently, the mentality of upstream methanol manufacturers is different. At present, the financial environment and international oil price have become the main logic affecting bulk commodities. Therefore, the formaldehyde analysts of the chemical branch of the business society expect that the domestic formaldehyde price or consolidation will be dominated in the near future.