According to the bulk commodity list data of business society, the average price of formaldehyde in Shandong at the beginning of the year was 1167.67 yuan / ton, and the average price of formaldehyde in Shandong at the end of the year was 1275.00 yuan / ton, an increase of 9.29%. The highest point was October 14, and the average price was 2266.67 yuan / ton. The lowest point was the beginning of the year, and the highest point was 94.29% higher than the lowest point.

formaldehyde

In 2021, the formaldehyde Market in Shandong rose first and then fell. From the above figure, it can be seen that formaldehyde was in an upward trend for seven months in 2021, and the highest increase in a single month was in September, reaching 22.38%. The rise in September was mainly due to the soaring price of raw material methanol due to macro factors such as coal. Superimposed on the positive downstream goods preparation before the national day, superimposed on double positive factors, the formaldehyde market rose sharply. Formaldehyde has been in a downward trend for four months in 2021, with the largest decline in November, reaching 15.6%. The main reason for the decline in November was the continuous decline of raw methanol. In addition, with the relaxation of power restriction policy, the load of some formaldehyde units was increased, and there was sufficient supply of formaldehyde on the market, while the downstream operation was low, and the supply exceeded the demand, resulting in a sharp decline in the formaldehyde market. In addition to the large changes in the market in the past two months, there were also March, with an increase of 17.65%. The main reason is that there is a strong demand for downstream board factories and adhesive factories in Shandong. The news of “Russia’s proposed wood export ban” has promoted the rise of the wood market. The industry has a good acceptance of the rising price of formaldehyde, high purchasing sentiment and strong stock atmosphere, which supports the continuous rise of the formaldehyde market, and the formaldehyde market is in a high-speed rising channel.

Upstream methanol: it can be seen from the above figure that methanol and formaldehyde basically maintain the same curve throughout the year. The sharp rise of methanol was also in September, mainly because futures strongly led the national long methanol sentiment. The inventory of mainstream production plants remained low and the pressure was difficult to show. In addition, the downstream goods preparation was more active before the national day, which supported the sharp rise of the market in the main methanol producing areas. At the end of October, methanol began to decline, and the decline continued until November. The main reason was the sharp decline in the price of thermal coal. Methanol was sold in Northwest China, but the sales were average, the enterprise inventory increased, and the methanol market continued to decline sharply. The market of methanol basically dominates the market curve of formaldehyde and plays a decisive role in the market trend of formaldehyde.

The downstream of formaldehyde is mainly plate, and the operation of the downstream plate plant determines the purchase intention. In March, affected by macro factors, the export of wood and furniture resumed, and the logs rose sharply. The demand for furniture and plates from abroad, such as Southeast Asia, increased. Therefore, the orders of domestic plate factories increased, the demand for formaldehyde increased significantly, the procurement was positive, the supply of formaldehyde was not in demand, and the market rose significantly. In addition, it is greatly affected by environmental protection. In November, some regions frequently started secondary environmental protection control, the operating rate of downstream plate plants continued to be low, the purchasing mood of operators was weak, and the market trading atmosphere was cold. In order to ship, formaldehyde manufacturers took the initiative to lower their quotation, resulting in the decline of formaldehyde market.

Recently, the domestic methanol market continues to decline, the downstream demand is poor, and the purchasing sentiment is weak. Therefore, the formaldehyde analyst of the chemical branch of the business society predicts that the price of formaldehyde in Shandong will mainly fall in shock at the beginning of 2022.