Cost support formaldehyde market price rise

1、 Price trend

According to the data of the commodity list of business association, the formaldehyde Market in Shandong Province rose slightly on January 8, 2020. The average price of formaldehyde on January 7, 2020 was 1046.67 yuan / ton, and the average price of formaldehyde on January 8, 2020 was 1053.33 yuan / ton, an increase of 0.64%. The current price is 8.80% lower than last year.

2、 Market analysis

Products: the market price of formaldehyde in China has risen slightly. As of August 8, the main factory quotation of Hebei is about 980 yuan / ton, that of South China is about 1180 yuan / ton, that of Shandong is about 1000 yuan / ton, and that of Jiangsu is about 1180 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Hebei Kaiyue formaldehyde plant of 400000 tons / year was shut down for maintenance. Formaldehyde manufacturers are affected by environmental protection control device maintenance, formaldehyde market supply inventory decreased, the price slightly increased.

Industrial chain: in recent days, the domestic methanol market has stopped falling and rebounded; in terms of main production areas, Guanzhong general has increased by 20-30 yuan / ton to 1780-1860 yuan / ton, with smooth shipment and most enterprises stopping selling; the Northern Line of Inner Mongolia has concentrated at 1730-1750 yuan / ton; Hebei, Shandong, Shanxi, Henan and other places have also kept pace with the increase. Support formaldehyde. The downstream market started to be sluggish, with general demand. The price of formaldehyde increased slightly while the rigid demand for procurement was maintained.

3、 Future forecast

Recently, methanol in the upstream continues to rise, and the production cost of formaldehyde enterprises increases. However, due to the impact of environmental protection, the operating rate in the downstream is general, procurement is limited, and the delivery pressure of formaldehyde manufacturers is large. Therefore, formaldehyde analysts of the chemical branch of the business society expect that the domestic formaldehyde price or low level consolidation is the main trend in the near future.