On December 29th, Shandong Lianyi's formaldehyde price was adjusted by 10 yuan/ton, with the current price at 1020 yuan/ton. PriceSeek evaluates formaldehyde, giving a short-term rating of -1. The reduction in formaldehyde spot prices by 10 yuan/ton to 1020 yuan/ton indicates that market supply is sufficient or demand is weakening, leading to pressure on spot prices. This change represents about 1%, which is a generally negative impact, possibly due to seasonal demand weakness or proactive price adjustments by producers. It is expected that the spot market will remain weak in the short term.
Comments
0