I. price trend
According to the data of the commodity list of the business association, the formaldehyde Market in Shandong rose this week. The average price of formaldehyde at the beginning of the week was 1280.00 yuan / ton, and the average price of formaldehyde at the weekend was 1296.67 yuan / ton, up 1.30%. The current price is down 14.97% year on year.
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II. Market analysis
Product: the price of formaldehyde in domestic market has increased. By the end of this week, the main factory quotation in Hebei is about 1100 yuan / ton, the main factory quotation in South China is about 1200 yuan / ton, the main factory quotation in Shandong is 1270 yuan / ton, and the main factory quotation in Jiangsu is 1450 yuan / ton. Shandong Linyi Yinhe annual output of 120000 tons of formaldehyde plant maintenance, formaldehyde content 36.7-37%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37%, and unit overhaul. Hebei Kaiyue annual output of 400000 tons of formaldehyde plant maintenance. Formaldehyde market supply is affected by environmental protection, formaldehyde manufacturers increase actively, formaldehyde price increases.
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Industry chain: after the upstream methanol Festival, the downstream market gradually recovers, some downstream enterprises actively replenish, the inland methanol market shipments smoothly, and the northwest main production area is strong driven, the on-site operators have a positive operating attitude, and the market trend around Bohai Sea and Huaihai sea continues to rise. At the beginning of the month, the price was 2310.00 yuan / ton, and at the end of the month, it was 2390.00 yuan / ton, an increase of 3.48%. The demand in the downstream market is relatively stable, supported by favorable supply and demand, and the price of formaldehyde is rising.
III. future forecast
Recently, the stock pressure in the upstream methanol market is not great, the manufacturer’s mentality is firm, the overall market trading atmosphere is positive, the methanol market or price operation is the main, the cost side is well supported, and the downstream market starts to improve, so the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or consolidation will be the main in the near future.