First, the price trend

According to the data of the business community’s commodity list, the domestic formaldehyde market fell this week. The average price of formaldehyde at the beginning of the week (August 13) was 1481.11 yuan/ton, and the average price of formaldehyde on the weekend (August 17) was 1460.00 yuan/ton. The decline was 1.43%, and the current price rose by 20.41% year-on-year.

Second, the market analysis

Product: The domestic formaldehyde market price fell. At the beginning of the week, the mainstream factory price in Hebei was around 1450-1550 yuan/ton. The weekend price was 1420-1550 yuan/ton, down 30 yuan/ton. At the beginning of Shandong, the price of Shandong factory was 1450-1550 yuan/ Tons, the weekend quoted at 1440-1550 yuan / ton, down 10 yuan / ton, the mainstream factory price in Jiangsu at the beginning of the week was 1600-1700 / ton, the weekend quoted at 1600-1700 yuan / ton. The supply of formaldehyde in the market is sufficient, and the pressure on manufacturers is not reduced.

Industry chain: The upstream methanol market is full of twists and turns. The price at the beginning of the week is 3,000 yuan/ton, the weekend is 2,968.75 yuan/ton, and the lowest price on the 14th is 2,935 yuan/ton. The formaldehyde product was not supported, the atmosphere of purchase and sale in the market was general, and the downstream maintenance just needed to be purchased. The trading on the market was cautious and the price of formaldehyde fell.

Third, the market outlook

The upstream methanol market has a downward trend in recent days. The downstream operating rate is generally low, and the receiving sentiment is not high. Therefore, the formaldehyde analyst of the business community chemical branch expects that the domestic formaldehyde price will be mainly downward.