1、 Price trend
According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on May 18 was 876.67 yuan / ton, and on May 21, the average price of formaldehyde in Shandong Province was 863.33 yuan / ton, down 1.52%, with the current price down 27.04% year on year.
2、 Market analysis
Products: Recently, the price of formaldehyde in the domestic market has declined slightly. As of May 21, the quotation of mainstream manufacturers in Hebei is about 740 yuan / ton, that of mainstream manufacturers in Shandong is 815 yuan / ton, and that of mainstream manufacturers in Jiangsu is 1075 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%. The start-up of formaldehyde enterprises was basically stable, the market supply was relatively sufficient, the trading atmosphere was cold, the attitude of formaldehyde manufacturers was negative, and the price fell slightly.
Industry chain: upstream methanol: some upstream enterprises in Shaanxi, Mongolia and other parts of Northwest China cut their prices to 1300-1330 yuan / ton, some of them stopped selling, the two sessions will be held soon, the freight is high, traders operate cautiously, and the methanol price will drop. Unable to support the cost of formaldehyde, the downstream terminal demand is still weak, the formaldehyde enterprise’s shipment is not good, the formaldehyde enterprise’s quotation is affected by the decline of raw materials, and the market is slightly down.
3、 Future forecast
Recently, the upstream methanol price fell narrowly, with weak cost support and general on-site trading atmosphere. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or low consolidation in the near future was the main trend.