According to the bulk commodity list data of business society, the formaldehyde Market in Shandong increased slightly. On the 12th, the average price of formaldehyde in Shandong was 2200.00 yuan / ton, and on the 13th, the average price of formaldehyde in Shandong was 2267.67 yuan / ton, up 3.03%. The current price rose 58.14% month on month, and the current price rose 115.87% year-on-year.
At present, the upstream methanol market continues to rise, the power coal continues to reach a new high, the methanol cost support is highlighted again, the tight supply situation remains unchanged, the downstream on-demand procurement continues, and the mentality of upstream and traders is supported. However, some northwest olefin plants begin to sell methanol away, so they are cautious about risks. In the short term, the methanol market is still expected to rise again. Give strong cost support to formaldehyde. The demand of downstream plate factories is acceptable, there is no resistance to the acceptance of formaldehyde price, and the formaldehyde market is rising.
Recently, the raw material methanol market continues to be high and rising. Driven by the strong cost, the formaldehyde analyst of the chemical branch of the business society expects that the recent rise in the price of formaldehyde in Shandong is mainly due to the rise.