SunSirs: Approaching the Holiday, Shandong formaldehyde Market Is Consolidating

　　Recently, the formaldehyde market has been weakly sorted out. As of January 25, the mainstream market price of formaldehyde in Shandong was 1,180-1,200 RMB/ton.

　　Analysis review

　　The methanol market price rose slightly, and the main methanol futures contracts rose strongly in the first half of the week against the backdrop of a strong macro. After the price increase in the main production areas in the mainland, the sales are still mainly suspended; the main consumer market also has the same price increase due to the slow arrival speed. However, as the Spring Festival is approaching, formaldehyde manufacturers have also begun to rest, and there is no procurement plan for the time being, and the formaldehyde market is weak and consolidated.

　　Market outlook

　　Recently, the raw material methanol market has been on the rise, but the holiday is approaching, so the formaldehyde analyst of SunSirs predicts that the recent price of formaldehyde in Shandong will be mainly consolidated.