April 21, 2024 – On April 21, Shandong Lianyi reduced its formaldehyde price by 20 yuan/ton, with the ex-factory cash price quoted at 1,420 yuan/ton. Chempricehub's analysis of formaldehyde gives a long-short score of -1. The article indicates that Shandong Lianyi's formaldehyde price has been lowered by 20 yuan/ton to 1,420 yuan/ton (ex-factory cash), suggesting ample market supply or weak demand, which exerts downward pressure on the spot price of formaldehyde. This reduction may reflect intensified industry competition or eased cost pressures and is expected to drive a downward trend in spot prices. The score of -1 indicates a generally bearish outlook, as the reduction, while not extreme, directly reflects negative market signals.