Morning Market Update for Formaldehyde

I. Key Focus Areas

1. Monitor raw material methanol price guidance.
2. Monitor operating rates of downstream panel manufacturers.
3. Monitor inventory levels at production enterprises.

Core Logic: Raw material methanol prices have declined, reducing costs. Formaldehyde supply is sufficient, while mainstream downstream board factories maintain flat operating rates, providing only moderate demand support. Most other downstream users consume formaldehyde internally. Demand remains the critical factor influencing the market.

II. Price Table

Notes:

1. Formaldehyde concentration is 37%; methanol meets national standard premium grade specifications.
2. Prices are spot RMB prices (not weekly averages), unit: CNY/ton.
3. Formaldehyde prices are ex-works cash with tax; methanol prices are warehouse delivery cash with tax.
4. Change rate refers to period-over-period percentage change.

III. Data Table

Formaldehyde Industry Supply and Demand Data

Notes:

1. Formaldehyde concentration is 37%; methanol meets national standard premium grade specifications.
2. Prices are spot RMB prices (not weekly averages), unit: CNY/ton.
3. Formaldehyde prices are ex-works cash with tax; methanol prices are warehouse delivery cash with tax.
4. Change rate refers to period-over-period percentage change.

IV. Market Outlook

Formaldehyde prices rose in the morning session. Raw material methanol traded firmly, prompting formaldehyde producers to raise prices in response to sustained cost increases. Some plants that had previously shut down delayed their restart plans due to cost pressures, slowing the pace of supply recovery. Downstream panel manufacturers primarily purchased for essential needs, showing reluctance to buy unless necessary, resulting in limited demand follow-through and lackluster market transactions. Chempricehub expects the formaldehyde market to maintain a firm range-bound consolidation in the short term.

Notes:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0–3%.