In the case of rising raw material methanol prices, the price of formaldehyde has soared recently. At present, the factory price of formaldehyde is mostly 1550 to 1800 yuan (ton price, the same below), compared with late October, most of them rose by 300 to 360 yuan, and the high price exceeded 400 yuan. In a short period of one month, the rate of increase was as high as 30%. Such a sharp rise was also rare in the history of formaldehyde.
The specific factory prices are: 1650 to 1780 yuan in central China, 1,530 to 1,700 yuan in North China, 1,700 to 1,800 yuan in East China, 1,650 to 1,750 yuan in Southwest China, 1,680 to 1,800 yuan in South China, and 1600 to 1,750 yuan in Northeast China.
At present, the formaldehyde market is showing obvious signs of being squeezed. On the one hand, the raw material methanol market is very strong. Due to the increase in inflation expectations, the overall strong chemical market, energy-saving emission reductions and other factors that caused the decline in production, methanol prices rose sharply after October. At present, the quoted price of imported methanol from the port area is mostly 3,400 to 3,600 yuan, and the domestic factory price of domestic methanol is mostly 3,200 to 3,400 yuan. Compared with October, it has risen sharply by 600 to 800 yuan, and the high price has exceeded 1,000 yuan. The production cost of formaldehyde mainly comes from methanol, and the price of methanol rises sharply, making the cost pressure of formaldehyde very high.
On the other hand, the downstream industry does not accept high prices. Formaldehyde is mainly used in the plastic board industry to make rubber, which is greatly affected by the real estate industry. As the state has successively introduced policies to regulate the real estate industry, the real estate industry is not booming, resulting in a more general demand for wood-based panels. In addition, the recent cooling snowfall in the Northeast has also brought certain adverse effects on the plate production. At present, formaldehyde producers have strong resistance to high methanol prices. The start-up load in some regions is only 34%.
From the market outlook, due to the Fed announced on November 4th, it initiated a second round of quantitative easing program with a total value of US$600 billion, and the liquidity was intensifying. As a result, international oil prices rose sharply to US$87/bbl in a short span of two days. A record high in 25 months, other commodity prices have also risen sharply. The CIF of imported methanol arriving at the port of China has risen to more than US$370, a sharp rise of 65-75 US dollars compared with October. It is expected that the methanol price will continue to remain strong in the short term, and the squeezed situation in the formaldehyde market will continue.
The specific factory prices are: 1650 to 1780 yuan in central China, 1,530 to 1,700 yuan in North China, 1,700 to 1,800 yuan in East China, 1,650 to 1,750 yuan in Southwest China, 1,680 to 1,800 yuan in South China, and 1600 to 1,750 yuan in Northeast China.
At present, the formaldehyde market is showing obvious signs of being squeezed. On the one hand, the raw material methanol market is very strong. Due to the increase in inflation expectations, the overall strong chemical market, energy-saving emission reductions and other factors that caused the decline in production, methanol prices rose sharply after October. At present, the quoted price of imported methanol from the port area is mostly 3,400 to 3,600 yuan, and the domestic factory price of domestic methanol is mostly 3,200 to 3,400 yuan. Compared with October, it has risen sharply by 600 to 800 yuan, and the high price has exceeded 1,000 yuan. The production cost of formaldehyde mainly comes from methanol, and the price of methanol rises sharply, making the cost pressure of formaldehyde very high.
On the other hand, the downstream industry does not accept high prices. Formaldehyde is mainly used in the plastic board industry to make rubber, which is greatly affected by the real estate industry. As the state has successively introduced policies to regulate the real estate industry, the real estate industry is not booming, resulting in a more general demand for wood-based panels. In addition, the recent cooling snowfall in the Northeast has also brought certain adverse effects on the plate production. At present, formaldehyde producers have strong resistance to high methanol prices. The start-up load in some regions is only 34%.
From the market outlook, due to the Fed announced on November 4th, it initiated a second round of quantitative easing program with a total value of US$600 billion, and the liquidity was intensifying. As a result, international oil prices rose sharply to US$87/bbl in a short span of two days. A record high in 25 months, other commodity prices have also risen sharply. The CIF of imported methanol arriving at the port of China has risen to more than US$370, a sharp rise of 65-75 US dollars compared with October. It is expected that the methanol price will continue to remain strong in the short term, and the squeezed situation in the formaldehyde market will continue.
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Dacheng Advanced Material Co., Ltd. , http://www.bullet-proofs.com