I. Key Focus Points
Core Logic: Methanol feedstock prices have retreated, leading to lower costs. Formaldehyde supply remains ample, while mainstream downstream panel sector operating rates are mediocre, resulting in general demand support. Other downstream sectors mostly consume formaldehyde internally, making the demand side a critical factor.
II. Price Table
| Product | Region | Previous Period | Current Period | Change Rate |
|---|---|---|---|---|
| Formaldehyde | Shandong Region | 1750 | 1720 | -1.71% |
| Methanol | Shandong Region | 3630 | 3630 | 0.83% |
| Notes: 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 with tax included; Methanol price is warehouse delivery cash with tax included; 4. Change rate refers to period-over-period change. |
III. Data Table
Formaldehyde Industry Supply and Demand Data
| Data Type | Previous Period | Current Period | Change Rate | Trend |
|---|---|---|---|---|
| Formaldehyde Cost | 1714 | 1727 | 0.76 % | ↑ |
| Formaldehyde Profit | 36 | -7 | -119.44% | ↓ |
| Notes: 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 with tax included; Methanol price is warehouse delivery cash with tax included; 4. Change rate refers to period-over-period change. |
IV. Market Outlook
In the morning, the center of gravity for the formaldehyde market rose. Plant loads remained stable at previous levels, ensuring ample supply within the market. Driven by stronger costs, formaldehyde prices followed suit in the morning session. Buyer inquiries were active, but factory shipments were average; intraday trading conditions will be monitored subsequently. Chempricehub forecasts that the formaldehyde market will experience volatile fluctuations with a bullish bias in the short term.
| Data Item | Release Date | Previous Data | Current Period Trend Forecast |
|---|---|---|---|
| Formaldehyde Import Data | End of each month at 17:30 BM | 0.08 | ↓ |
| Formaldehyde Export Data | End of each month at 17:30 BM | 204.29 | ↑ |
| Notes: 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%; 2. ↗↘ indicates narrow-range volatility, highlighting data dimensions with changes within 0-3%. |
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