Rising cost pressures; formaldehyde stabilizes and consolidates

1. Key Focus Today

① Formaldehyde market stabilizes and consolidates
② Domestic methanol market center of gravity shifts upward

2. Market Trends and Outlook

Table 1: Summary of Domestic Formaldehyde Prices (Unit: RMB/ton)

Based on the Shandong region, formaldehyde closed at 1,660 RMB/ton today, remaining flat compared to the previous period. The formaldehyde market has stabilized and is undergoing consolidation. Raw material methanol prices surged significantly, increasing cost pressures. Formaldehyde producers maintained stable shipments during the day, while downstream digestion remained healthy. As costs strengthen, bullish sentiment in the market is gradually rising. Chempricehub anticipates potential upside for the formaldehyde market in the short term.

3. Related Product Markets

Methanol: The domestic methanol market continued its strong performance today. Futures consolidated with a bullish bias, leading port prices to rise accordingly. Essential buying demand followed through, though intraday basis weakened slightly. Both production and sales markets in inland regions trended upward amidst fluctuations. Currently, upstream enterprise inventories remain low and manageable. Reports suggest that domestic methanol continues to be aggregated at ports, supported by trader replenishment orders and essential procurement from downstream users. Overall supply-demand dynamics in inland regions remain relatively stable, suggesting the market will likely maintain a strong trajectory in the short term. Additionally, attention should be paid to the pace of maintenance shutdown recoveries domestically and the commissioning progress of new units in Ningxia.