April 16th — On April 16th, the formaldehyde price at Shandong Linyi Jinyimeng was lowered by 15 yuan/ton, with the current offer at 1,495 yuan/ton ex-works cash payment. Chempricehub's analysis of formaldehyde, with a long-short score of -1, reports that the formaldehyde price has been reduced by 15 yuan/ton to 1,495 yuan/ton ex-works cash payment, indicating increased market supply or weakened demand, putting pressure on spot prices. This adjustment reflects the current loose supply-demand balance in the local market, exerting a generally bearish impact on formaldehyde spot prices, which may suppress short-term price rebounds.