April 27 News – On April 27, Shandong Lianyi formaldehyde price was lowered by 20 CNY/ton, now quoted at 1,390 CNY/ton (ex-factory, cash settlement). According to a Chempricehub analysis of formaldehyde with a long-short rating of -1, the price reduction of 20 CNY/ton to 1,390 CNY/ton ex-factory on a cash basis indicates sufficient supply or weak demand in the spot market, leading to a price decline. This reflects short-term market pressure and has a generally bearish impact on formaldehyde spot prices. The rating of -1 is assigned because, although the reduction is modest, it clearly points to a downward trend, potentially due to an imbalance in chemical raw material supply and demand or an increase in enterprise inventories.