April 27 News – On April 27, the ex-works cash price of formaldehyde from Shandong Linyi Jinyimeng was lowered to 1,405 RMB/ton. Chempricehub comments on formaldehyde, Bull-Bear Score: -1. The ex-works cash price reduction for formaldehyde from Shandong Linyi Jinyimeng to 1,405 RMB/ton directly reflects oversupply or weak demand in the spot market, putting downward pressure on spot prices. This event bears negative implications for market sentiment, potentially prompting downstream buyers to adopt a wait-and-see approach, further curbing any recovery in spot prices.