March 6th News — On March 6th, Shandong Linyi Jinyimeng formaldehyde price was lowered by 20 yuan/ton, quoted at 1,130 yuan/ton ex-works cash payment. Chempricehub analysis of formaldehyde, long-short score: -1. The spot price of formaldehyde decreased by 20 yuan/ton to 1,130 yuan/ton, indicating ample market supply or weak demand in the Shandong Linyi region, leading to a price decline. The reduction of approximately 1.77% is considered a general bearish signal, possibly reflecting inventory pressure or weakened downstream procurement willingness. In the short term, spot prices may face downward pressure, impacting the cost structure of related chemical industry chains.