The US formaldehyde prices is heading into June **** under clear downward pressure, with mid-May price declines signaling a structurally weaker demand environment and growing inventory across Gulf Coast storage hubs. The sharp pullback to $***/MT in the week ending May **, a *.*** WoW decline, reflects a formaldehyde market struggling with soft resin offtake, elevated tank inventories, and inconsistent methanol feedstock signals.
With furniture, construction, plywood, and composite-wood demand still subdued, resin producers are expected to maintain reduced call-offs into June, limiting formaldehyde consumption and reinforcing bearish sentiment.
Methanol鈥檚 retreat from $***/MT in late April to ~$***/MT by mid-May removes cost support that previously held formaldehyde offers firm, while constrained import alternatives and freight uncertainty continue to complicate procurement strategies. Formaldehyde producers are increasingly prioritizing margin protection, trimming offers, and managing inventories defensively as summer approaches, a period that typically brings seasonal...
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