SunSirs: Methanol Market Went Up, Shandong Formaldehyde Market Fluctuated Slightly

Price trend

Recently, the ex-factory quotations of enterprises in eastern and central Shandong stabilized at around 2,800 RMB/ton; the reference prices of neighboring traders such as Dongying and Zibo were temporarily not available. The ex-factory price in southern Shandong was 2,780-2,800 RMB/ton. The local goods in Linyi were near 2,780-2,800 RMB/ton, and it was reported that the shipping atmosphere was good.

Analysis review

The short-term methanol market is mainly exploring slightly upwards. Downstream panel mills have general demand for formaldehyde and maintain just-needed purchases. The formaldehyde market fluctuates and consolidates with relatively small fluctuations.

Market outlook

In the near future, the raw material methanol market may rise slightly, and the transaction situation is relatively good. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will increase mainly in the near future.