1、 Price trend
According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on May 6 was 863.33 yuan / ton, and on May 9, the average price of formaldehyde in Shandong Province was 880.00 yuan / ton, up 1.93%. The current price is down 22.12% year on year.
2、 Market analysis
Products: Recently, the price of formaldehyde in the domestic market has increased. As of May 9, the main factory quotation in Hebei is about 780 yuan / ton, that in Shandong is 840 yuan / ton, and that in Jiangsu is 1075 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 Yinhe formaldehyde annual production capacity of 120000 tons of formaldehyde production line shutdown maintenance. Formaldehyde market supply has declined, the exchange atmosphere is relatively good, formaldehyde manufacturers actively go goods, the price bottom rebound.
Industry chain: upstream methanol situation: international oil price recovers gradually with the lifting of the blockade due to the oil demand, closing up, methanol inventory pressure is not large, and there is demand for replenishment after the festival in the downstream, so the price rises. To support the cost of formaldehyde, the downstream procurement is mainly rigid, and the overall transaction is ideal. Formaldehyde enterprise quotation affected by the rise of raw materials, the market bottomed out and rebounded.
3、 Future forecast
Recently, the upstream methanol price rebounded, but the production of most international methanol plants is stable. It is expected that the import volume will still be at a high level from May to June, and the price of methanol in the later period is still not optimistic. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price in the near future will mainly be consolidated.