Feedstock methanol prices continue to decline, while formaldehyde remains stable with a slight downward trend.

1. Today's Key Points

① Formaldehyde market stable with a downward trend
② Domestic methanol market center of gravity declined

2. Market Analysis and Outlook

Table 1: Summary of Domestic Formaldehyde Prices (Unit: CNY/ton)

Based on the Shandong region, formaldehyde closed at 1,900 CNY/ton today, a decrease of 2.56% from the previous period. The formaldehyde market's price center declined today. Raw material methanol prices continued to fall; facing weakened cost support, formaldehyde producers lowered selling prices to align with market conditions. Given that many orders were pending delivery previously while inventory levels remained low, the magnitude of the decline was relatively rational. Market buying interest was weak during the day, with traders adopting a wait-and-see attitude. Chempricehub forecasts that the formaldehyde market will fluctuate at lower levels in the short term.

3. Related Product Markets

Methanol: Domestic methanol markets across regions continued their downward trend today. Futures prices fell, and port basis strength weakened further, though afternoon trading saw slight stabilization and rebound efforts. Amid tight near-term spot supply availability, attention is focused on the pace of buyer participation. Over the past two days, inland regional prices have seen notable declines. As some enterprises lowered prices to relatively low levels, trade replenishment and downstream procurement gradually followed, leading to improved transactions for some low-priced goods. In the short term, various markets are expected to halt declines and move toward narrow-range consolidation. Additionally, monitor changes in freight costs and fluctuations in upstream inventories closely.