According to the bulk commodity list data of the business agency, the formaldehyde Market in Shandong rose this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1283.33 yuan / ton. At the end of the week, the average price of formaldehyde in Shandong was 1293.33 yuan / ton, up 0.78%. The current price fell 3.00% month on month, and the current price rose 0.26% year on year.

formaldehyde

The market price of formaldehyde in Shandong rose slightly this week. It can be seen from the above figure that formaldehyde is rising after falling recently, and the market continues to explore this week. As of June 16, the mainstream market price in Shandong was 1260-1320 yuan / ton. Recently, the methanol market has risen in a narrow range. Supported by the cost, formaldehyde has tentatively risen. It is difficult for downstream demand to improve. It is just needed to purchase. The formaldehyde market is generally traded, and the market is slightly driven by the cost.

Upstream methanol: the domestic methanol market has risen recently. The continuous high price of raw coal has led to a good atmosphere in the whole industrial chain. At the same time, the high volatility of the crude oil market has also led to the rise of the chemical market on the macro level. However, after the lower receiving price rose slightly, the rising oil price led to a shortage of return transport capacity, and there is still room for freight to rise. The demand side performance was average, and the methanol spot turned to be stable and wait-and-see in the middle and late weeks of the week.

This week, the methanol market rose. Driven by the rising cost, the formaldehyde manufacturers intended to increase the quotation, but the operation of the downstream plate plant did not improve. The demand for formaldehyde in the field was limited, and the market transaction was general. It was difficult to increase the formaldehyde price, so the formaldehyde market was explored slightly.

Recently, the domestic methanol market has gone up, and the demand of downstream wood panel plants has continued to be weak. Therefore, the formaldehyde analysts of the chemical branch of the business agency predict that the recent formaldehyde price rise in Shandong is mainly shock.