According to the data of the bulk commodity list of business cooperatives, the formaldehyde market in Shandong rose first and then fell in October. The average price of formaldehyde in Shandong at the beginning of the month was 1336.67 yuan/ton, and the average price of formaldehyde in Shandong at the end of the month was 1383.33 yuan/ton, up 3.49%, and the current price fell 21.70% year on year.

formaldehyde

In October, the formaldehyde market price in Shandong Province rose first and then fell. From the figure above, it can be seen that formaldehyde has not fluctuated much in recent three months, and the increase is greater than the decrease. As of October 26, the mainstream market price in Shandong was 1350-1400 yuan/ton. In October, the domestic methanol market rose first and then fell, which greatly affected the price of formaldehyde. The downstream plate factory maintained just in need of purchase, and the formaldehyde inventory remained controllable. The formaldehyde market changed with the cost.

Upstream methanol situation: the methanol market rose first and then fell in October, with a recent upward trend. Strong coal prices support production costs. In terms of spot goods, the supply in the domestic mainland market increased, and the port market continued to de stock mainly. The atmosphere of the domestic methanol market is good. The quotation in some regions is adjusted in a narrow range, but the adjustment range is not large. The mainstream transaction is stable.

In October, the increase of methanol market was about to decrease, and the formaldehyde market basically followed the rise and fall of the cost fluctuation. Recently, the downstream plate factory maintained a strong demand for procurement, and the wait-and-see mood was strong. The buying was cautious, and the atmosphere of market negotiation was light. However, the methanol market had an upward trend, and the formaldehyde market was expected to rise mainly by a small margin.

Recently, the domestic methanol market is expected to rise, and the cost support is acceptable. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Cooperative predicted that the recent formaldehyde price in Shandong would mainly increase slightly.