The average price of formaldehyde in Shandong this week was 866.67 yuan / ton, up 0.78% month on month and 24.85% lower than last year.

Recently, the domestic market price of formaldehyde has remained stable. As of July 17, the mainstream factory quotation in Central China is about 910 yuan / ton, that of mainstream manufacturers in North China is 740 yuan / ton, and that in East China is 892 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and load of 50%. Recently, the market of formaldehyde in Shandong Province has been stable, the start-up of formaldehyde enterprises is basically stable, the supply of goods in the market is acceptable, the atmosphere of trading in the market is flat and light, and the formaldehyde market is volatile and consolidation.

Upstream methanol situation: the performance of the mainland and port markets is different. Due to the strong performance of some equipment maintenance markets in Northwest China, the manufacturers’ inventory pressure is not great, and the futures price is higher, the enterprise offers actively follow up; on the port side, after the spot price adjustment, the downstream lacks the ability to receive high price goods, and the market is short of gas. At the same time, the high stock of port continues to suppress the methanol price; the demand side is affected by the rainy season Under the influence of environmental protection and other factors, the overall start-up of the traditional downstream was lower than expected. Although the profit of MTO was fair, the start-up was still at a low level compared with the same period last year. Some manufacturers still planned to repair in July.

The downstream wood board entered the traditional off-season, the terminal demand continued to be weak, just needed procurement was maintained, the market trading atmosphere was flat and light, formaldehyde enterprises shipped smoothly, the market changed little, and the shock consolidation.

In recent days, the upstream methanol continued to fluctuate in a narrow range, and the demand for terminal side was poor, and the basic demand was mainly rigid demand. Therefore, the formaldehyde analysts of the chemical branch of the business agency predict that the domestic formaldehyde price will be stable in the near future.