March 9th News On March 9th, Shandong Lianyi raised its formaldehyde price by 20 yuan/ton, quoting 1,100 yuan/ton ex-factory with spot payment. Chempricehub's analysis of formaldehyde shows a bullish-bearish score of 1. The price increase of 20 yuan/ton to 1,100 yuan/ton ex-factory with spot payment reflects tightening supply or strengthening demand in the spot market, directly benefiting formaldehyde spot prices. The price hike indicates strong price support from producers, likely driven by rising raw material costs or recovering downstream demand. It is expected that spot prices will gain support in the short term and may continue their upward trend.