Melamine, formaldehyde and pulp are all important raw materials for the manufacturing of melamine resin molding powder. Today Huafu Melamine Moulding Compound Factory will share the formaldehyde market price change for you.
The recent market price of formaldehyde declines. The formaldehyde average price on Oct.18th is 1393.33 yuan / ton (about 192 U.S. dollars / ton), compared to the price on Oct.11th fell 3.69 %. The current price rose by 5.56 % year-on-year, and the current price fell by 37.14 % year-on-year last year.
The methanol market is low, no much cost support, the formaldehyde market is affected by methanol, difficult to improve the downstream demand, the formaldehyde market is generally traded, and the market is slightly weak.
After the National Day holiday, the domestic methanol market continued to decline unilaterally, the quotations of production enterprises were also lowered many times.
With the decline in the domestic methanol market, the demand for downstream wood panel plants continues to be poor. Under the dual pressure, the formaldehyde market is difficult to improve. Therefore, Huafu Chemicals expects that the recent price of formaldehyde in Shandong is mainly a weak decline.
Post time: Oct-21-2022