The rise of raw methanol drives the market of formaldehyde to keep pace with the rise

1、 Price trend

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on April 12 was 833.33 yuan / ton, and the average price of formaldehyde in Shandong Province on April 14 was 916.67 yuan / ton, an increase of 3.77%. The current price is 38.20% lower than last year.


2、 Market analysis


Products: Recently, the price of formaldehyde in the domestic market has increased. As of April 14, the main factory quotation in Hebei is about 870 yuan / ton, that in Shandong is 880 yuan / ton, and that in Jiangsu is 1035 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. The formaldehyde market has sufficient supply, general trading atmosphere, acceptable attitude of formaldehyde manufacturers, and rebound in price.


Sodium Molybdate

Industry chain: methanol upstream: international oil price has been revised back again, some MTOs have been overhauled, and the mentality of the industry is different. Methanol market in Northwest China rose with a good trading atmosphere. The northwest region did not issue the guidance price this week, and some factories in the north line of Inner Mongolia reported to increase to 1460 yuan / ton ex factory spot exchange, and the shipment was to be observed. The downstream demand is general, some enterprises are affected by safety inspection, and the production load is low. The purchase is rigid and the overall transaction is ordinary. The price rise of formaldehyde enterprises is mainly supported by raw materials, and the market is rising.


3、 Future forecast


Recently, the upstream methanol bottomed out and rebounded. Recently, the market went higher, which supported the cost of formaldehyde. The demand of the downstream plate enterprises was average. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or consolidation was the main trend in the near future.

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