Morning Market Brief: Formaldehyde

I. Key Focus Areas

1. Feedstock Methanol Price Trends
2. Operating Rates of Downstream Board Mills
3. Inventory Levels of Production Enterprises

Core Logic: Feedstock methanol prices have retreated, leading to lower costs. Formaldehyde supply is ample, while operating rates at mainstream downstream board mills remain flat, resulting in weak demand support. Other downstream applications are largely for internal consumption. Consequently, the demand side remains a critical factor.

II. Price Table

*Note:

1. Formaldehyde content is 37%; methanol meets National Standard Premium Grade specifications.
2. Prices are spot RMB prices, not weekly averages; unit: CNY/ton.
3. Formaldehyde price is ex-works cash with tax; methanol price is warehouse-delivery cash with tax.
4. Change rate refers to period-over-period fluctuation.*

III. Data Table

Formaldehyde Industry Supply and Demand Data

*Note:

1. Formaldehyde content is 37%; methanol meets National Standard Premium Grade specifications.
2. Prices are spot RMB prices, not weekly averages; unit: CNY/ton.
3. Formaldehyde price is ex-works cash with tax; methanol price is warehouse-delivery cash with tax.
4. Change rate refers to period-over-period fluctuation.*

IV. Market Outlook

Today, the formaldehyde market center shifted downward. Feedstock methanol remained stable with a slightly bullish bias, providing solid cost support. However, dominated by bargaining sentiment in the downstream artificial board market, factories were forced to offer discounts to reduce inventory pressure. Negotiations proceeded smoothly, but overall transactions were average. Chempricehub forecasts that the formaldehyde market will likely trade within a range in the short term.

*Note:

1. ↓↑ indicates significant volatility, highlighting data dimensions with fluctuations exceeding 3%.
2. ↗↘ indicates narrow-range volatility, highlighting data dimensions with fluctuations between 0-3%.*