I. Focus Points
Core logic: Feedstock methanol prices have retreated somewhat, lowering costs. Formaldehyde supply is ample, while operating rates at mainstream downstream board plants are mediocre, providing limited demand support. Other downstream sectors mostly consume self-produced material. Demand remains an important factor.
II. Price Table
| Product | Region | Previous Period | Current Period | Change Rate |
|---|---|---|---|---|
| Formaldehyde | Shandong | 1530 | 1650 | 7.84% |
| Methanol | Shandong | 3400 | 3600 | 5.88% |
| Remarks: 1. Formaldehyde content is 37%; methanol is national standard premium grade; 2. Prices are point-in-time RMB prices, not weekly average prices, unit: yuan/tonne; 3. Formaldehyde is ex-works cash including tax; methanol is ex-warehouse cash including tax; 4. Change rate is the week-on-week change rate. |
III. Data Table
Formaldehyde Industry Supply and Demand Data Table
| Data Type | Previous Period | Current Period | Change Rate | Trend |
|---|---|---|---|---|
| Formaldehyde cost | 1610 | 1700 | 5.59% | ↑ |
| Formaldehyde profit | -80 | -50 | 37.50% | ↑ |
| Remarks: 1. Formaldehyde content is 37%; methanol is national standard premium grade; 2. Prices are point-in-time RMB prices, not weekly average prices, unit: yuan/tonne; 3. Formaldehyde is ex-works cash including tax; methanol is ex-warehouse cash including tax; 4. Change rate is the week-on-week change rate. |
IV. Market Outlook
The formaldehyde market moved higher in the morning session. Yesterday, feedstock methanol prices rose broadly, pushing formaldehyde production costs persistently higher. Driven by this, market transactions were good and downstream buying was active. The formaldehyde market continued its strong upward trend in the morning, with brisk inquiries in the market alongside some cautious wait-and-see activity. Attention should be paid to intraday trading conditions. Chempricehub expects that the formaldehyde market still has room to rise in the short term.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Formaldehyde import data | End of each month, 17:30 BM | 0.08 | ↓ |
| Formaldehyde export data | End of each month, 17:30 BM | 204.29 | ↑ |
| 1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow fluctuation, highlighting data with changes within 0-3%. |
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