April 20th News: On April 20th, Shandong Lianyi lowered its formaldehyde price by 20 yuan/ton, with an ex-factory cash payment quotation of 1440 yuan/ton. Chempricehub's analysis of formaldehyde, with a long-short score of -1: The spot price of formaldehyde decreased by 20 yuan/ton to 1440 yuan/ton, reflecting increased market supply or weak demand, constituting a bearish impact. The price decline may stem from inventory pressure among producers or weakened downstream demand. In the short term, spot prices are under pressure, and investors should monitor changes in supply and demand fundamentals.
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