According to the data of the commodity list of the business society, the formaldehyde Market in Shandong has risen sharply recently. On March 29, the average price of formaldehyde in Shandong was 1333.33 yuan / ton, and on March 31, the average price of formaldehyde in Shandong was 1466.67 yuan / ton, up 10.00%. The current price has increased by 20.55% month on month, and the current price has increased by 6

9.23% year on year.

Recently, the domestic formaldehyde market price has risen. As of March 31, the mainstream ex factory quotation in Central China has increased by 23 yuan / ton to 1323 yuan / ton, the mainstream ex factory quotation in North China has increased by 1275 yuan / ton, and the mainstream ex factory quotation in East China has increased by 45 yuan / ton to 1374 yuan / ton. Shandong Linyi Galaxy formaldehyde production capacity of 120000 tons / year formaldehyde plant has been restarted. Recently, the formaldehyde Market Trading atmosphere is active, the market supply exceeds demand, the transaction situation is good, the formaldehyde market has gone up significantly.

Upstream methanol situation: the negotiated price of methanol market in southern Shandong increased by 20-50 yuan / ton to 2260 yuan / ton, and the nearby factory raised cash. Linyi receives the local goods to negotiate the price to 2250-2260 yuan / ton and deliver them to spot exchange. The logistics goods offer 2230-2240 yuan / ton and deliver them to spot exchange. Shandong methanol Lubei market reference price 2250 yuan / ton to spot. Methanol overall trading atmosphere is good, the market continues to rise, forming a strong support for formaldehyde market.

Affected by the blockage of the Suez Canal, the recent rise in international crude oil prices has led to the rising cost of chemical raw materials, and the price rise of bulk commodities is gratifying. In this context, the rising wood prices have promoted the strong atmosphere of formaldehyde downstream plate factories and adhesive factories. The industry has a positive purchasing attitude. The supply of formaldehyde is in short supply, and the formaldehyde market has risen sharply.

Recently, the upstream raw material methanol showed an upward trend, and the demand of downstream plate factories continued to improve, which supported the formaldehyde market. Therefore, the formaldehyde analysts from the chemical branch of business society predicted that the price of formaldehyde in Shandong would mainly rise in the near future.