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According to the market monitoring data of Sinochem News, the highest formaldehyde price reached 2200 yuan in mid-October (ton price, the same below), and by the end of October it had fallen to 1700 yuan, and it had fallen by 500 in more than 10 days.
The industry believes that the sharp drop in the price of formaldehyde is mainly caused by the decline in the raw material methanol market
From the perspective of demand, the demand from downstream panel plants is general, and the demand for formaldehyde procurement remains rigid