Formaldehyde market price falls

1、 Price trend

According to the data of the commodity list of the business association, the average price of formaldehyde in Shandong on the 18th was 1076.67 yuan / ton, and the average price of formaldehyde in Shandong on the 17th was 1026.67 yuan / ton, down 4.64%. The current price is down 21.43% year on year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has fallen. As of the 18th, the main factory quotation of Hebei is about 920 yuan / ton, that of Shandong is about 920 yuan / ton, and that of Jiangsu is 1100 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%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. Formaldehyde manufacturers started to improve as a whole, the supply of goods was sufficient, the market trading atmosphere was cold, and the price continued to fall.

Industry chain: upstream methanol: affected by the collapse of international crude oil futures, the main methanol contract ma2005 of zhengshangsuo fell and stopped, and the methanol spot price in East China kept linkage with it, and the market in East China, South China and other places fell sharply. In the first half of the week, methanol in the mainland was mostly on the sidelines. With the port falling sharply, the price in the mainland was also loose, and Shandong, North China, central China and other places were in decline. Enterprises in the main production areas had limited offers, and more contracts were executed. The downstream market operating rate is general, the demand is weak, and the market trading atmosphere is cold. Formaldehyde enterprises have lowered their prices in order to ship, and the formaldehyde market has declined all the way.

3、 Future forecast

Recently, the international crude oil epic collapse, the U.S. stocks plummeted, the domestic public health events just improved, while the overseas rapid spread and spread, under the interweave of long and empty, the upstream methanol fell sharply, the downstream market overall recovery was slow, and the demand was weak, so the formaldehyde analyst of business and chemical branch predicted that the recent domestic formaldehyde price or low consolidation was the main.