According to the monitoring data of SunSirs, the market price of formaldehyde in Shandong fluctuated and rose in September. The average price of formaldehyde in Shandong at the beginning of the month was 1,253.33 RMB/ton, and the average price of formaldehyde in Shandong at the end of the month was 1,336.67 RMB/ton, an increase of 6.65%. The price fell 20.28% year-on-year.
Analysis review
In September, the market price of formaldehyde in Shandong region fluctuated and rose. From the monitoring data of SunSirs, it can be seen that formaldehyde has mainly risen in the past two months and continued to rise this month. As of September 28, the price of formaldehyde in the mainstream market in Shandong was 1,300-1,380 RMB/ton. Recently, the domestic methanol market rose, and the cost support was better. The downstream board factory maintained just-on-demand purchases, and the formaldehyde inventory remained under control. The market as a whole tended to rise, and the formaldehyde market fluctuated higher.
Upstream methanol situation: The methanol market generally rose in August. In terms of spot, coal prices were firm, and downstream stocks were stocked before the holiday, which was good for the overall market atmosphere. At the same time, the quotations of manufacturers were relatively high and firm, and the prices of formaldehyde, DME and acetic acid in downstream products all rose slightly, driving the market of the entire industry chain. However, with the gradual recovery of some pre-maintenance devices, the supply increased. After the holiday, the pre-stocking inventory is mainly consumed, and the methanol market may enter the finishing stage.
In September, the methanol market was mainly on the rise, and the formaldehyde market basically followed the rise with cost fluctuations. Recently, the downstream board factories maintained just-needed purchases. The wait-and-see mood was strong, the purchase was cautious, and the market discussion atmosphere was light.
Market outlook
In the future, the domestic methanol market is expected to fall, and the cost support is not good. Therefore, the formaldehyde analyst of SunSir predicts that the price of formaldehyde in Shandong will mainly fall in the near future.
