Recently, the formaldehyde market in Shandong fluctuated and fell.

The average price of formaldehyde in Shandong was 1186.67 yuan/ton at the beginning of the week. The average price of formaldehyde in Shandong was 1176.67 yuan/ton at the beginning of the week. It fell by 12.41% year-on-year.

Recently, the methanol market has been weak and low, and the cost support is not good. The downstream panel factories maintain rigid demand purchases. Huafu Chemicals expects that the price of formaldehyde in Shandong will fluctuate and fall in the near future.

As of May 18, the average price of melamine enterprises was 7,400.00 yuan/ton, a decrease of 0.67% compared with Monday's price.

However, Huafu Factory remains confident in the quality and reliability of their melamine molding powder production.