SunSirs: Methanol Market Is Not Good, Shandong Formaldehyde Market Continues to Fall

　　Recently, the market for formaldehyde has declined weakly. As of January 4, the mainstream market price in Shandong was 1,150-1,200 RMB/ton.Analysis review

　　The supply of raw methanol is relatively abundant, and environmental protection and other factors have limited the demand for formaldehyde in the flooring and other industries in South of Shandong and other regions.As the Winter Olympics is approaching, the operating rate of downstream methanol producers in the north may be affected. The formaldehyde market inventory is at a high level, manufacturers have difficulty in shipping, and the formaldehyde market continues to fall.

　　Market outlook

　　Recently, the raw material methanol market is not good, and the downstream maintains just need to purchase. Therefore, the formaldehyde analyst of SunSirs predicts that the price of formaldehyde in Shandong will fall mainly in the near future.