According to the bulk commodity list data of business agency, the formaldehyde Market in Shandong fell in July. At the beginning of the month, the average price of formaldehyde in Shandong was 1270.00 yuan / ton, and at the end of the month, the average price of formaldehyde in Shandong was 1206.67 yuan / ton, down 4.99%. The current price fell 10.12% year-on-year.

formaldehyde

In July, the market price of formaldehyde in Shandong Province fluctuated and fell. From the above figure, it can be seen that formaldehyde has mainly fallen in the past two months. As of July 26, the mainstream market price in Shandong is 1180-1220 yuan / ton. Recently, the domestic methanol market has been declining, the cost support is poor, the construction of downstream plate factories has weakened, the demand is weak, the inventory in Linyi area is high, and it is not smooth to go to the warehouse. In order to ship, formaldehyde manufacturers continue to reduce the price, and the formaldehyde market has fallen.

Upstream methanol: the methanol market continued to fall in July. At present, the macro level is negative. At the same time, the cost fell significantly, and the pit chemical coal weakened. The demand continues to be weak, and the market confidence is insufficient.

In July, the methanol market continued to decline, and the formaldehyde market basically fell with cost fluctuations. The plate factory was not enthusiastic enough to start work due to the high temperature weather, and the demand for formaldehyde continued to be depressed. The market trading atmosphere is general, and the on-site inventory is high. Formaldehyde manufacturers maintain a low price for shipment, and the formaldehyde market continues to decline.

Recently, the domestic methanol market fluctuated and fell, and the demand of downstream wood panel factories was low. Therefore, the formaldehyde analyst of the chemical branch of the business agency predicted that the recent decline in the price of formaldehyde in Shandong was mainly below.