On January 6, Zibo Qixing's formaldehyde price was reduced by 30 yuan/ton, quoted at 1,000 yuan/ton ex-factory cash payment. PriceSeek analysis of formaldehyde, long-short score: -1. The article reports that Zibo Qixing's formaldehyde price was reduced by 30 yuan/ton to 1,000 yuan/ton, indicating an oversupply in the market or weakened demand, leading to downward pressure on spot prices. This generally constitutes a bearish impact on the formaldehyde spot market and may trigger a wait-and-see attitude among downstream purchasers.