Morning Market Briefing for Formaldehyde

I. Key Focus Areas

1. Monitor methanol feedstock price guidance.
2. Monitor operating rates of downstream panel manufacturers.
3. Monitor inventory levels at production enterprises.

Core Logic: Methanol feedstock prices have retreated, lowering costs. Formaldehyde supply is ample, while mainstream downstream panel operations remain flat, offering only moderate demand support. Other downstream sectors primarily consume for internal use. Consequently, the demand side remains a critical factor.

II. Price Table

Note: 1. Formaldehyde concentration is 37%; Methanol meets national standard premium grade specifications. 2. Prices are spot RMB prices (not weekly averages), unit: CNY/ton. 3. Formaldehyde price is ex-works cash-inclusive; Methanol price is warehouse delivery cash-inclusive. 4. Change rate refers to period-over-period variation.

III. Data Table

Formaldehyde Industry Supply and Demand Data

Note: 1. Formaldehyde concentration is 37%; Methanol meets national standard premium grade specifications. 2. Prices are spot RMB prices (not weekly averages), unit: CNY/ton. 3. Formaldehyde price is ex-works cash-inclusive; Methanol price is warehouse delivery cash-inclusive. 4. Change rate refers to period-over-period variation.

IV. Market Outlook

Formaldehyde market focus shifted upward in the morning. Raw material methanol prices surged significantly, strengthening cost support. Although formaldehyde producers raised prices slightly during the holiday, post-holiday cost pressures intensified markedly, driving market trends in line with rising costs. Downstream inquiries were active intraday, resulting in solid transaction performance. Chempricehub forecasts that the formaldehyde market has upside potential in the short term.

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