According to the data of bulk commodity list of business agency, the average price of formaldehyde in Shandong Province on the 3rd day was 1066.67 yuan / ton, and that on the 4th day was 1100.00 yuan / ton, an increase of 3.12%. The current price is up 8.20% month on month, and the current price is down 0.30% year on year.
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Recently, the domestic market price of formaldehyde is on the rise. As of November 4, the mainstream factory quotation in Central China is about 1055 yuan / ton, that of North China is 860 yuan / ton, and that of East China is 1090 yuan / ton. Linyi Yinhe formaldehyde production capacity is 120000 tons / year, and the formaldehyde plant is normal, with a daily output of 200 tons. Recently, the formaldehyde plant in Shandong Province has been in normal operation. The trading atmosphere in the market was better than that in the earlier period, the actual transaction was ok, and the formaldehyde market was slightly higher.
Situation of upstream methanol: Recently, the domestic methanol market rebounded, and some manufacturers continued to increase the ex factory quotation, and the price adjustment range was about 30-50 yuan / ton in two days. According to the monitoring data of business agency, the average price of methanol producers in Shandong Province was 1882 yuan / ton on November 1, and 1902 yuan / ton on November 3 in Shandong Province. The price cycle increased by 1.06%, and the price rose by 5.99% month on month, with a year-on-year decrease of 38.26%. The methanol market quotation in various regions has also increased to varying degrees, especially in Shandong, Anhui and Fujian. The main factors of this price rise are the favorable futures, the rebound of international crude oil price, the maintenance of production enterprises in some regions, the low inventory, and the favorable influence of the recovery of downstream demand. In the short term, the positive factors will still remain for a period of time, traders are full of bullish mentality. Methanol market rise gives formaldehyde cost support.
In the near future, the demand for formaldehyde in traditional downstream timber and infrastructure formwork is fair, and the on-site trading atmosphere is relatively positive, and the support from the demand side is good. Formaldehyde manufacturers inventory low, rising market.
In recent days, the upstream raw material methanol continued to rise, and the cost side support was good. Therefore, the formaldehyde analysts of the chemical branch of the business society predicted that the formaldehyde price in Shandong Province would rise slightly in the near future.
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