Morning Market Brief: Formaldehyde

I. Key Focus Areas

1. Monitor methanol feedstock price guidance
2. Track downstream board plant operating rates
3. Observe inventory levels at producing enterprises

Core Logic: Methanol feedstock prices have slightly retreated, leading to lower costs. Formaldehyde supply remains ample, while mainstream downstream board production operates at moderate levels, providing only average demand support. Other downstream applications are largely for internal consumption. Demand-side factors remain the critical determinant.

II. Price Table

Notes:

1. Formaldehyde concentration is 37%; methanol meets national premium grade standards.
2. Prices are spot RMB prices (not weekly averages), in CNY/ton.
3. Formaldehyde prices are ex-factory cash inclusive of tax; methanol prices are warehouse cash inclusive of tax.
4. Change rate represents period-over-period fluctuation.

III. Data Table

Formaldehyde Industry Supply and Demand Data

Notes:

1. Formaldehyde concentration is 37%; methanol meets national premium grade standards.
2. Prices are spot RMB prices (not weekly averages), in CNY/ton.
3. Formaldehyde prices are ex-factory cash inclusive of tax; methanol prices are warehouse cash inclusive of tax.
4. Change rate represents period-over-period fluctuation.

IV. Market Outlook

Formaldehyde market center shifted upward during the morning session. Yesterday, major plants in Shandong and Henan regions raised prices due to low inventories and high costs, resulting in smooth sales. In contrast, some areas around Anhui saw a slight downward shift in price centers. The early morning market remained stable with modest gains, inquiry activity was acceptable, and traders awaited intraday transaction outcomes. Chempricehub forecasts that the formaldehyde market will trade in a strong oscillating pattern in the short term.

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.