1、 Price trend

According to the data of the commodity list of the business association, the average price of formaldehyde in Shandong Province on March 30 was 956.67 yuan / ton, and the average price of formaldehyde in Shandong Province on April 2 was 860.00 yuan / ton, down 10.10%. The current price is down 44.52% year on year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has fallen. As of April 2, the main factory quotation in Hebei is about 835 yuan / ton, that in Shandong is 775 yuan / ton, and that in Jiangsu is 1100 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%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. The formaldehyde market has sufficient supply of goods, and the trading atmosphere is light. Formaldehyde manufacturers are actively selling goods, and the price continues to fall.

Industry chain: upstream methanol situation: domestic methanol price continues to decline, part of which falls near the cost line, and some factories have lost money; most factories in the main production area have little inventory pressure, which has been tentatively pushed up in the near future. Due to the impact of public health events on the demand in the downstream market, although it is close to Qingming, there is no hoarding. The procurement is mainly on demand and the overall transaction is light. Formaldehyde enterprises have lowered their prices, and the market has declined all the way.

3、 Future forecast

Recently, the upstream methanol fell to a low level and the cost side fell. In addition, the demand of the downstream plate enterprises was poor, and the market transaction was light. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or low level consolidation was the main trend in the near future.