On January 4th, Shandong Lianyi's formaldehyde price was lowered by 20 yuan/ton, quoted at 1,000 yuan/ton ex-factory with immediate payment. PriceSeek analysis of formaldehyde, long-short rating: -1. The formaldehyde price was reduced by 20 yuan/ton to 1,000 yuan/ton, reflecting ample market supply or weak demand, which exerts bearish pressure on spot prices. The reduction of 2%, while not a significant change, indicates a short-term supply-demand imbalance that may dampen corporate purchasing intentions. A rating of -1 signifies a generally bearish outlook.