In November, Huafu Chemicals sent 2kg sample melamine resin powder to a new customer. The customer tested the powder and was very satisfied with the quality so the customer factory purchased 30 tons melamine resin molding powder from Huafu Factory. The powder was safely packed and shipped on Nov.28th.
The following is the latest formaldehyde market analysis for your reference.
Poor transportation， formaldehyde market fell
In November, the market price of formaldehyde in Shandong fell. From the figure above, it can be seen that formaldehyde has not fluctuated much in the past three months, and it began to fall this month.
As of November 28, the mainstream market price in Shandong is 1280-1400 yuan/ton. In November, the domestic methanol market fluctuated and consolidated.
Affected by public security incidents, the transportation in Shandong was not smooth, and downstream board factories maintained rigid demand purchases. The shipment of formaldehyde was not good, and the formaldehyde market fell.
The domestic methanol market has not changed much in the near future, and the cost support is acceptable. Therefore, it is expected that the price of formaldehyde in Shandong will rise slightly in the near future.
Post time: Dec-01-2022