February 24th News: On February 24th, Shandong Lianyi's formaldehyde price was reduced by 5 yuan/ton, quoted at 990 yuan/ton ex-factory with cash payment. Chempricehub's analysis of formaldehyde: Bull-bear score: -1. Shandong Lianyi's formaldehyde price was lowered by 5 yuan/ton to 990 yuan/ton ex-factory with cash payment, indicating that the company proactively reduced prices, likely due to weak demand or increased supply leading to heightened market pressure. The extent of this reduction is minor, representing a general bearish factor that negatively impacts spot prices and may suppress market buying sentiment in the short term.