Morning Market Update: Formaldehyde

I. Key Focus Areas

1. Feedstock Methanol Price Guidance
2. Downstream Panel Plant Operating Rates
3. Producer Inventory Levels

Core Logic: Feedstock methanol prices have retreated, leading to lower costs. Formaldehyde supply is ample, while mainstream downstream panel plant operating rates remain average, providing limited demand support. Other downstream sectors primarily consume formaldehyde for internal use. Consequently, the demand side remains a critical factor.

II. Price Table

Note:

1. Formaldehyde concentration is 37%; Methanol meets National Standard Premium Grade.
2. Prices are spot RMB prices, not weekly averages; Unit: CNY/ton.
3. Formaldehyde price is ex-works cash inclusive of tax; Methanol price is warehouse delivery cash inclusive of tax.
4. Change rate refers to period-over-period variation.

III. Data Table

Formaldehyde Industry Supply and Demand Data

Note:

1. Formaldehyde concentration is 37%; Methanol meets National Standard Premium Grade.
2. Prices are spot RMB prices, not weekly averages; Unit: CNY/ton.
3. Formaldehyde price is ex-works cash inclusive of tax; Methanol price is warehouse delivery cash inclusive of tax.
4. Change rate refers to period-over-period variation.

IV. Market Outlook

Today’s formaldehyde market showed stability with slight declines. Feedstock prices exhibited mixed movements, resulting in unstable cost support. Major formaldehyde production regions slightly lowered prices to facilitate sales. Market inquiries were moderate, while other domestic regions maintained stable prices to ensure shipments. Transaction volumes remained average, and factory inventories were generally low. Chempricehub forecasts that the formaldehyde market will primarily undergo narrow-range adjustments in the short term.

Notes:

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