Today, Huafu Chemicals will share with you the latest market situation of formaldehyde, an important raw material of melamine resin molding compound.
According to the latest data, the formaldehyde market in Shandong fluctuated and consolidated. The average price of formaldehyde in Shandong was 1273.33 yuan/ton on the 21st. The current price rose by 3.24% month-on-month, and the current price fell by 7.90% year-on-year.
Recently, the raw material methanol market has been weak and consolidated, and the cost support is average. The downstream maintains just-needed purchases, and formaldehyde manufacturers have a high willingness to ship. Huafu Chemicals expects that the price of formaldehyde in Shandong will mainly decline slightly in the near future.
Post time: Mar-22-2023