Thread Content
The domestic formaldehyde market has mixed trends. Among them, due to the driving of dimethyl ether, demand has increased slightly and the supply of goods in the mainland is limited. The domestic raw material methanol market has rebounded slightly. This has driven the formaldehyde market in the coastal areas of Shandong and East China to rise slightly.； South China and Northeast China experienced a slight decline due to poor demand. ； North China and Southwest China mainly consolidated. At present, the main domestic downstream plate market is still sluggish, and the shipments of most formaldehyde companies are still average. The overall operating rate of domestic companies is around 50%. The overall domestic formaldehyde market is still slightly light. The domestic methanol market has rebounded recently, which has led to a slight increase in the formaldehyde market in some regions. However, the current demand for major downstream plate materials is still relatively sluggish, and the overall operating rate of domestic formaldehyde companies has been hindered by shipments. Therefore, the formaldehyde market has been weak. Although the demand for downstream panels in some areas of the country has recovered after the holiday, considering that the market has basically stagnated before the Spring Festival and is only in a recovery period in the early stage, the overall market demand is still bleak in the long term. The reason is that the current economic environment is still sluggish, housing demand in Europe and the United States is weak, domestic exports of furniture, panels, etc. are limited, and the domestic real estate industry is also relatively sluggish. Therefore, the purchasing power of panels, furniture and other products has also declined. Domestic demand is also poor. Last year, my country's total output of wood-based panels fell by 7.55% year-on-year, and more than 60% of the major panel export bases have shut down. For example, of the more than 2,600 wood-based panel companies in Linyi area, one-third are currently closed, one-third have stopped production, and only one-third are still struggling to maintain production. More than 2,000 small veneer rotary cutting plants in Linyi City, whose annual output once reached more than 12 million cubic meters, are all still suspended after the Spring Festival. The market conditions of other downstream products such as paraformaldehyde and methenamine are weak, and they also lack support for the formaldehyde market. Raw materials: Although the demand for dimethyl ether has increased slightly recently and the domestic supply is limited, the domestic raw material methanol market has rebounded slightly. However, the current social inventory of methanol has hit a new high for three consecutive months, reaching nearly 400,000 tons in early February. Imports have hit a new high for three consecutive months. The actual total amount of imported methanol arriving at the port in February was no less than 450,000 tons, an increase of more than 50,000 tons compared with January. It is initially estimated that the total amount of methanol imported into China in March will be at the level of 450,000-500,000 tons. Therefore, at present, methanol basically maintains a weak balance between supply and demand. However, as the market supply gradually increases in the later period and the downstream demand boost is relatively limited, the market supply and demand may weaken in the later period, and the upward price trend is still weak. In summary, under the background of continued poor demand for downstream plate materials and weakening raw material price increases, the domestic formaldehyde market will remain weak.