February formaldehyde market analysis:
Macro side: In February, the domestic formaldehyde market was operating weakly overall. After the Spring Festival, various formaldehyde manufacturers started one after another, but many of them were in trial operation, digesting inventory, and the transaction volume was low. Manufacturers waited for more downstream demand. The main downstream sheet metal industry has started holiday after the Spring Festival due to the Spring Festival holidays. Therefore, the demand for formaldehyde is not good and the situation is difficult to change. After fifteen years, formaldehyde plants started to be comprehensive, but shipments were low, and the intensity of downstream shipments was limited. Most of them were old customers, mainly due to the fact that the start-up of plate manufacturers was not yet complete, the temperature was low, and workers in some areas Less, the above factors have restricted the increase in the operating rate of the plate market.
In the later period, the downstream construction started to increase, and the demand for formaldehyde increased compared with the previous period. However, the overall market demand was still weak, and the momentum for the formaldehyde market was insufficient. The pace of taking goods was slow. Manufacturers pay more attention to the trend of raw materials, waiting for further improvement in downstream demand. Recently, with the recovery of the weather, the overall operation of the domestic formaldehyde market has been stable, and the operating rate of the downstream sheet industry has risen from the previous period, driving the increase in the formaldehyde market's shipment rate, and the overall market performance has been good. At present, inland areas, the raw materials in Shandong are on the upswing, the market sentiment is picking up, and the shipping situation is good. However, it still faces cost pressures and limited profit margins; the market in Hebei Province is stable. In the coastal area, the upstream trend in the East China and South China regions was weak, and the formaldehyde market continued to maintain its weak stability. The overall turnover was slightly light.
The formaldehyde market is mainly affected by the upstream raw material methanol and the downstream sheet metal industry. At the same time, the real estate industry is also subject to certain restrictions.
Basics:
Methanol in the upstream raw materials: The volatile domestic methanol market is difficult to change. The southern market in Shandong Province is slightly tentatively rising. However, other manufacturers continue to reduce production under the weak demand and try to balance the market supply and demand pattern. In the surrounding areas, transactions in Hebei and Shanxi Province saw a slight turn for the better. The atmosphere in the inquiry room increased, and the attitude of the manufacturers was slightly more abundant. At present, many methanol manufacturers drove a lot of recovery, but some self-supply downstream sales were limited, making the flow of goods within the venue is not Overwhelmed. At present, though the supply in the port area is still high, the contradiction between supply and demand is prominent. However, with slight warmth, the transaction volume has been slightly increased, and the downstream and merchants have strengthened their absorption. This is particularly evident. In the current economic situation, the revolving power is limited. Although methanol has pulled the offer at a low inventory level, the transaction is still weak on the whole.
The main downstream plate: After the Spring Festival, it has entered into February, and the domestic timber transaction is very unstable. After the holiday, plate manufacturers have not yet started, the market continued to show a downturn, low demand for formaldehyde, and out of caution, the market will not be strong in the early inventory, lack of effective demand, resulting in difficult market conditions for formaldehyde, market prices in various regions Change is mixed. Until fifteen years later, the start-up of manufacturers is still not yet comprehensive. First, the sudden drop in temperature has affected the start-up situation. Second, manufacturers in some regions have caused a lower number of workers due to workers returning home to return home, which makes it difficult to increase the operating rate. Recently, the prosperity of the plate market has improved, and the situation of the start-up of the manufacturers has improved with the rise of temperature compared with the previous period, and the level of formaldehyde reception has increased to a certain degree and has stabilized. According to the analysis of monitoring data, the current domestic timber market is in the “spring offensiveâ€, and the classification index of logs, sawn timber, man-made board, etc. has been lifted out of the dangling channel.
In terms of real estate: The development of the domestic real estate market is affected by the state's regulatory policies, and the speed has slowed down significantly. Because strict and thorough implementation of restrictions on purchase restrictions, limited loans, limit prices, tight currency and other regulatory policies, coupled with the construction of affordable housing to guide the market expectations, real estate development and investment growth rate fell back high, developer funding tightening, The volume and price of the land trading market fell, and real estate growth fell. After the purchase restriction was imposed, the trading volume of commercial housing in most first-tier and second-tier cities decreased, and the housing enterprises accelerated the digestion of their inventory and reduced the purchase of land. According to statistics from the Bureau of Statistics, from January to November 2011, the cumulative sales area of ​​commercial housing across the country totaled 895.94 million square meters, an increase of 9% over the same period of last year. In 2009 and 2010, the year-on-year growth rates of commercial housing sales in China were 44% and 10% respectively. At present, the construction of affordable housing across the country is being started one after another. The government will appropriately relax the real estate market when it reaches the target of planned housing, in view of the availability of affordable housing and the strength of construction.
It is expected that in March, with the warmer weather and the arrival of the sales season, the upstream raw material market will have a certain degree of improvement. The operating rate of the downstream plate industry will increase, and the efforts of formaldehyde manufacturers will improve.
Macro side: In February, the domestic formaldehyde market was operating weakly overall. After the Spring Festival, various formaldehyde manufacturers started one after another, but many of them were in trial operation, digesting inventory, and the transaction volume was low. Manufacturers waited for more downstream demand. The main downstream sheet metal industry has started holiday after the Spring Festival due to the Spring Festival holidays. Therefore, the demand for formaldehyde is not good and the situation is difficult to change. After fifteen years, formaldehyde plants started to be comprehensive, but shipments were low, and the intensity of downstream shipments was limited. Most of them were old customers, mainly due to the fact that the start-up of plate manufacturers was not yet complete, the temperature was low, and workers in some areas Less, the above factors have restricted the increase in the operating rate of the plate market.
In the later period, the downstream construction started to increase, and the demand for formaldehyde increased compared with the previous period. However, the overall market demand was still weak, and the momentum for the formaldehyde market was insufficient. The pace of taking goods was slow. Manufacturers pay more attention to the trend of raw materials, waiting for further improvement in downstream demand. Recently, with the recovery of the weather, the overall operation of the domestic formaldehyde market has been stable, and the operating rate of the downstream sheet industry has risen from the previous period, driving the increase in the formaldehyde market's shipment rate, and the overall market performance has been good. At present, inland areas, the raw materials in Shandong are on the upswing, the market sentiment is picking up, and the shipping situation is good. However, it still faces cost pressures and limited profit margins; the market in Hebei Province is stable. In the coastal area, the upstream trend in the East China and South China regions was weak, and the formaldehyde market continued to maintain its weak stability. The overall turnover was slightly light.
The formaldehyde market is mainly affected by the upstream raw material methanol and the downstream sheet metal industry. At the same time, the real estate industry is also subject to certain restrictions.
Basics:
Methanol in the upstream raw materials: The volatile domestic methanol market is difficult to change. The southern market in Shandong Province is slightly tentatively rising. However, other manufacturers continue to reduce production under the weak demand and try to balance the market supply and demand pattern. In the surrounding areas, transactions in Hebei and Shanxi Province saw a slight turn for the better. The atmosphere in the inquiry room increased, and the attitude of the manufacturers was slightly more abundant. At present, many methanol manufacturers drove a lot of recovery, but some self-supply downstream sales were limited, making the flow of goods within the venue is not Overwhelmed. At present, though the supply in the port area is still high, the contradiction between supply and demand is prominent. However, with slight warmth, the transaction volume has been slightly increased, and the downstream and merchants have strengthened their absorption. This is particularly evident. In the current economic situation, the revolving power is limited. Although methanol has pulled the offer at a low inventory level, the transaction is still weak on the whole.
The main downstream plate: After the Spring Festival, it has entered into February, and the domestic timber transaction is very unstable. After the holiday, plate manufacturers have not yet started, the market continued to show a downturn, low demand for formaldehyde, and out of caution, the market will not be strong in the early inventory, lack of effective demand, resulting in difficult market conditions for formaldehyde, market prices in various regions Change is mixed. Until fifteen years later, the start-up of manufacturers is still not yet comprehensive. First, the sudden drop in temperature has affected the start-up situation. Second, manufacturers in some regions have caused a lower number of workers due to workers returning home to return home, which makes it difficult to increase the operating rate. Recently, the prosperity of the plate market has improved, and the situation of the start-up of the manufacturers has improved with the rise of temperature compared with the previous period, and the level of formaldehyde reception has increased to a certain degree and has stabilized. According to the analysis of monitoring data, the current domestic timber market is in the “spring offensiveâ€, and the classification index of logs, sawn timber, man-made board, etc. has been lifted out of the dangling channel.
In terms of real estate: The development of the domestic real estate market is affected by the state's regulatory policies, and the speed has slowed down significantly. Because strict and thorough implementation of restrictions on purchase restrictions, limited loans, limit prices, tight currency and other regulatory policies, coupled with the construction of affordable housing to guide the market expectations, real estate development and investment growth rate fell back high, developer funding tightening, The volume and price of the land trading market fell, and real estate growth fell. After the purchase restriction was imposed, the trading volume of commercial housing in most first-tier and second-tier cities decreased, and the housing enterprises accelerated the digestion of their inventory and reduced the purchase of land. According to statistics from the Bureau of Statistics, from January to November 2011, the cumulative sales area of ​​commercial housing across the country totaled 895.94 million square meters, an increase of 9% over the same period of last year. In 2009 and 2010, the year-on-year growth rates of commercial housing sales in China were 44% and 10% respectively. At present, the construction of affordable housing across the country is being started one after another. The government will appropriately relax the real estate market when it reaches the target of planned housing, in view of the availability of affordable housing and the strength of construction.
It is expected that in March, with the warmer weather and the arrival of the sales season, the upstream raw material market will have a certain degree of improvement. The operating rate of the downstream plate industry will increase, and the efforts of formaldehyde manufacturers will improve.
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