Melamine, formaldehyde and pulp are all important raw material for the manufacturing of melamine resin compound. Huafu Factory is sharing the latest formaldehyde market trend for you.
As of December 6, the average price of melamine enterprises was 8333.33 yuan/ton (about 1199 US dollars/ton), an increase of 0.81% compared with the price on November 6.
The melamine market has been mainly stable and some high-end prices have fallen under pressure. (Dec.1-Dec.6)
The formaldehyde market has fallen. The average price of formaldehyde in Shandong was 1326.67 yuan/ton on Dec.1st, and 1313.33 yuan/ton on the Dec.7th, a decrease of 1.01%. The current price has dropped by 5.06% year-on-year.
Huafu Chemicals expects that the price of formaldehyde in Shandong will fluctuate and fall in the near future.
Post time: Dec-09-2022