Morning Market Briefing: Formaldehyde

1. Key Focus Areas

1. Raw Material Methanol Price Guidance
2. Operating Rates of Downstream Board Factories
3. Inventory Levels of Producers

Core Logic: Raw material methanol prices have slightly declined, leading to lower costs. Formaldehyde supply remains ample. Mainstream downstream board factories are operating at average levels, providing only moderate demand support. Other downstream sectors primarily consume formaldehyde for internal use. Consequently, the demand side remains a critical factor.

2. Price List

Notes:

1. Formaldehyde concentration is 37%; Methanol is National Standard Premium Grade.
2. Prices are spot RMB prices, not weekly averages; Unit: CNY/ton.
3. Formaldehyde price is ex-works, cash-in-advance, tax-inclusive; Methanol price is warehouse delivery, cash-in-advance, tax-inclusive.
4. Change rate refers to period-over-period fluctuation.

3. Data List

Formaldehyde Industry Supply and Demand Data

Remarks:

1. Formaldehyde concentration is 37%; Methanol is National Standard Premium Grade.
2. Prices are spot RMB prices, not weekly averages; Unit: CNY/ton.
3. Formaldehyde price is ex-works, cash-in-advance, tax-inclusive; Methanol price is warehouse delivery, cash-in-advance, tax-inclusive.
4. Change rate refers to period-over-period fluctuation.

4. Market Outlook

Today, the formaldehyde market center shifted downward. Although costs were supported by rising raw material methanol prices, mainstream downstream artificial board factories faced significant shutdowns due to environmental regulations, limiting demand support for formaldehyde. To manage inventory levels, producers prioritized offering discounts to facilitate sales. Chempricehub forecasts that the formaldehyde market will continue to operate weakly in the short term.

Notes:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with change rates exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with change rates within 0-3%.