Morning Market Update for Formaldehyde

I. Key Focus Areas

1. Feedstock Methanol Price Guidance
2. Downstream Board Manufacturer Operating Rates
3. Producer Inventory Levels

Core Logic: Feedstock methanol prices have retreated, leading to lower costs. Formaldehyde supply remains ample, while mainstream downstream board manufacturers show flat operating rates, resulting in moderate demand support. Other downstream sectors primarily consume formaldehyde for internal use. Demand continues to be the critical factor driving the market.

II. Price Data

Notes:

1. Formaldehyde content is 37%; Methanol meets National Standard Premium Grade.
2. Prices are spot RMB prices, not weekly averages; Unit: CNY/ton.
3. Formaldehyde price is ex-factory cash inclusive of tax; Methanol price is warehouse cash inclusive of tax.
4. Change rate represents period-over-period variation.

III. Supply and Demand Data

Notes:

1. Formaldehyde content is 37%; Methanol meets National Standard Premium Grade.
2. Prices are spot RMB prices, not weekly averages; Unit: CNY/ton.
3. Formaldehyde price is ex-factory cash inclusive of tax; Methanol price is warehouse cash inclusive of tax.
4. Change rate represents period-over-period variation.

IV. Market Outlook

In the morning session, the formaldehyde market stabilized and consolidated. On the cost side, support weakened as the center of gravity for feedstock methanol prices shifted downward. Although factories raised prices early on with decent sales volume, inquiries slowed during the day following the decline in costs, resulting in overall lackluster trading activity. Chempricehub forecasts that the formaldehyde market will likely trade within a narrow range in the short term.

Legend:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates minor fluctuation, highlighting data dimensions with changes within 0-3%.