The prices of Formaldehyde remained rangebound during the third week of July in U.S market surged slightly by *.**. Declining feedstock costs amid limited offtake from downstream sectors led to rangebound market sentiments and slight downward adjustment in the market.听
During the third week of July ****, formaldehyde supply within the United States was stable and adequately supported by domestic producers, who continued to operate at regular run rates during positive production economics, prices settled at USD ***/MT FOB Texas. The dramatic fall in methanol prices, the key feedstock, provided cost savings and prompted uninterrupted production at major plants. However, this cost advantage did not translate into stronger demand, as downstream consumption remained sluggish, particularly from construction adhesives and automotive resins鈥攕ectors still grappling with subdued project activity and cautious procurement behaviour.
Inventory levels of Formaldehyde across the...
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