Formaldehyde market price falls

1、 Price trend

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on the 23rd was 1026.67 yuan / ton, and the average price of formaldehyde in Shandong Province on the 24th was 1000.00 yuan / ton, down 2.60%. The current price is 23.47% lower than last year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has fallen. As of the 24th, the main factory quotation in Hebei is about 820 yuan / ton, that in Shandong is 920 yuan / ton, and that in 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 market stock increased, formaldehyde factory mentality is short, the price all the way down.

Industry chain: upstream methanol situation: domestic methanol spot continued to decline, the northwest of the main production area dropped significantly, Inner Mongolia and Northern Shaanxi dropped to 1400-1550 yuan / ton; the consumption market fell synchronously. The methanol social inventory of ports in East and South China continued to increase, with a total inventory of 1031500 tons. Among them, the inventory of East China increased, and that of South China went to storage this week. The inventory accumulation in Jiangsu area is mainly due to the concentration of Taicang and Nanjing to the ship, but the pick-up volume in the week has not been significantly improved. The reason for Guangdong to go to the warehouse is that there are few imported ships this week. It is expected that the ships arriving at the port will be delayed due to the unloading at the last port. But the downstream market is mainly on demand, and the overall transaction is light. Formaldehyde enterprises in order to ship low prices, formaldehyde market all the way down.

3、 Future forecast

Recently, the upstream methanol market fell, the cost side fell, and the demand side was weak, so the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or low consolidation was the main trend in the near future.