First, the price trend

According to the data of the large-scale commodity list of the business community, the domestic formaldehyde market rose slightly this week. The average price of formaldehyde at the beginning of the week (August 6th) was 1453.33 yuan/ton, and the average price of formaldehyde on the weekend (August 10) was 1488.89 yuan/ The increase was 2.45%, and the current price rose by 22.54% year-on-year.

Second, the market analysis

Product: Domestic formaldehyde market price rose slightly. At the beginning of the week, the mainstream factory price in Hebei was around 1350-1400 yuan/ton. The weekend price was 1450-1550 yuan/ton, up 100 yuan/ton. At the beginning of Shandong, the price of Shandong factory was 1420-1570 yuan. / ton, weekend quoted at 1450-1570 yuan / ton, up 30 yuan / ton, the mainstream factory price in Jiangsu at the beginning of the week 1550-1650 / ton, weekend offer at 1600-1700 yuan / ton, up 50 yuan / ton. The supply of formaldehyde in the market is not sufficient, and the pressure on manufacturers is not high.

Industry chain: The upstream methanol market continued to rise. Due to the impact of the trade war, the price of imported methanol boosted the price of the mainland market. The price at the beginning of the week was 2,890 yuan/ton, and the weekend was 30,48.75 yuan/ton, an increase of 5.47%. Finished product support, but the atmosphere of purchase and sale in the market is general, the downstream maintenance just needs to purchase, the market is more cautious, and the price of formaldehyde has risen slightly.

Third, the market outlook

The upstream methanol market continued to rise, the cost support was sufficient, and the downstream operating rate was general. Therefore, the formaldehyde analyst of the business community chemical branch predicted that the domestic formaldehyde price or shock consolidation was the main.