According to the data of the commodity list of the business society, the market price of formaldehyde in Shandong has recently dropped. On May 18, the average price of formaldehyde in Shandong was 1416.67 yuan / ton, and on May 19, the average price of formaldehyde in Shandong was 1387.50 yuan / ton, down 2.06%. The current price is up 3.29% month on month, and 58.27% year on year.

As of May 19, the mainstream market price of formaldehyde in Central China was about 1436 yuan / ton, that in North China was 1320 yuan / ton, that in Northwest China was 1383 yuan / ton, and that in East China was 1419 yuan / ton. Recently, the atmosphere of formaldehyde market is relatively cold, the transaction situation is general, and the formaldehyde market shows a slight downward trend.

Upstream methanol situation: methanol market is mainly volatile, Shandong methanol Lubei market 2580 yuan / ton sent to cash. The methanol market in the southern part of Shandong negotiated to 2720 yuan / ton, and the nearby factory withdraws cash. Linyi receives the local goods to negotiate the price to 2680-2700 yuan / ton and deliver them to the spot exchange, while the logistics goods offer the price to 2600-2630 yuan / ton and deliver them to the spot exchange. The turnover of methanol market in central Shandong was 2600-2610 yuan / ton, which was delivered to cash. The market turnover was light and the negotiation atmosphere was cautious. Methanol market fell slightly, unable to form support for formaldehyde.

At present, the raw material market of the downstream sheet yard continues to be at a high level. Due to the increase of various costs, the start-up of the sheet yard is gradually tightening, the demand for formaldehyde is limited, the atmosphere of formaldehyde trading market is flat, and the formaldehyde market is slightly lower.

Recently, the upstream raw material methanol market showed a fluctuating downward trend, and the downstream plate factory’s willingness to receive goods was cold. Therefore, formaldehyde analysts from the chemical branch of business society predicted that the price of formaldehyde in Shandong would mainly fall in the near future.