subject: When Is The "dawn" Of Formaldehyde Market? [print this page] This week, the market condition of formaldehyde continues to decline. The formaldehyde enterprises are somewhat in a pessimistic state. There are a large number of stocks accumulated, which brings these formaldehyde manufacturers great pressure in sales. Currently, the gap between the formaldehyde price offered by the companies and the actual transaction price becomes much wider. At present, the Northeast China is the most stable area, which has not do any adjustment in the offer during the two weeks. So its overall market environment is relatively stable. While the market in Shandong and Hebei is the most "active", where the formaldehyde price keeps declining endlessly.
This is mainly caused by the declining of the material of formaldehyde--methanol. At present, the methanol in China has been in a dropping state for about two weeks. The downturn atmosphere of methanol market has continued. The "low-cost storm" is sweeping the country. Up to now, the lowest price of methanol in Henan has fallen to 2,600 yuan / ton; and in Shandong the lowest price of methanol has dropped to 2,800 yuan / ton. A lot of enterprises are troubled by the pressure caused by the large number of stocks. At present, some methanol companies begin to take active measures, so to reduce the loss to the minimum.
At present, the price of many commodities keeps declining, and at the same time, the domestic policies greatly suppress the soaring price. These two factors greatly affect the downstream products of formaldehyde. Most of the formaldehyde enterprises begin to adopt proactive measures to maintain the normal operation of the market, but the transaction volume is still limited. For example, the formaldehyde market in Shangdong has been below 8,000 yuan / ton, with the transaction price at 7,600 yuan / ton. This week, the formaldehyde market has dropped by about 500 yuan / ton. The demand has shrunk compared with the previous period. As a result, all the buyers are with a cautious attitude.
In a word, influenced by the falling price of methanol, the domestic formaldehyde market still remains in a downside trend, and the risks begin to gradually enlarge. Some manufacturers have put the programs of price adjustment on the agenda. The current market focus gradually shifts to the trend of methanol price. However, at present, there is no sign of stabilization in the methanol market. The low price is frequently refreshed. The formaldehyde market has lost confidence. As a result, many enterprises begin to ask: when will the "dawn" of formaldehyde market come?
