This chart shows Formalin price assessments in USA Dollar per metric ton (USD/mt) in 2 locations, as follows:
- Formalin, EUR (Europe): Formalin, export transaction price, fob, Germany
- Formalin, CN (China): Formalin, export transaction price, fob, China
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Formalin.
Data Use
Formalin prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Formalin price assessments are available via different delivery methods:
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Formalin Price Outlook
Formalin Price Outlook. The price of Formalin (China) decreased during June 2020 to 224 USD per metric ton, which represents a considerable decline of 19% compared to the previous month’s value. On a year-over-year basis, the prices of Formalin (China) decreased significantly by 21%. Meanwhile, the average price of Formalin (Europe) amounted to 204 USD per metric ton, from 291 USD per metric ton one year earlier. On a month-over-month basis, the price of Formalin (Europe) is 1% higher than the price one month before.
About Formalin
About Formalin. Formaldehyde (a.k.a. Methanal) is an organic compound naturally occurring, at ambient temperature, as a colorless gas with a strong pungent odor and is highly flammable. Formaldehyde is the simplest aldehyde in existence and its name comes from its relation and similarities to formic acid. It was first discovered in 1859, however, it began being industrially viable to produce at the beginning of the twentieth century. Due to its relatively low cost, a great variety of uses in chemical reactions, as well as elevated purity, Formaldehyde has become one of the world’s most important research and industrial chemicals.
Formaldehyde present in the environment can derive from natural sources, such as fires and other natural sources of combustion, or anthropogenic sources such as power plants, factories, incinerators and emissions of vehicles not equipped with catalytic converters. It is also one of the volatile compounds formed in the early stages of decomposition of plant residues in soil and occurs naturally in fruits and other foods.
Formalin Handling. Formaldehyde is very flammable (flash point as 63°C) and can be corrosive to some materials. It has also been described by the US National Toxicology Program as a known human carcinogen. Formalin should be transported in hermetically closed containers, preferably consisting of stainless or lined carbon steel. It can also be transported in vessels made of aluminum, enamel, or polyester resin, but iron, copper, nickel, and zinc alloys must not be used for this end. With decreases in temperature or increases in concentration, aqueous Formaldehyde solutions tend to precipitate paraformaldehyde. On the other hand, higher temperatures lead to formic acid formation. To counter these effects, the addition of stabilizers, such as methanol, ethanol, urea, and melamine, can be made to these solutions.
Formalin Production. The commercial production of Formaldehyde consists mostly of two main processes that use methanol as feedstock. These processes are oxidation-dehydrogenation with a silver catalyst, and complete oxidation with a metal oxide catalyst. To a lesser extent, Formaldehyde can also be produced from the oxidation of methane or the hydrogenation of carbon monoxide. Raw materials and the respective production processes employed in the manufacturing of Formalin are listed below.
- Methanol (oxidation reaction, using a silver catalyst),
- Methanol (oxidation reaction, using a metal oxide catalyst)
Formalin Uses. The uses and applications of Formalin may vary according to its specification. The main forms of Formalin are anhydrous (99.85%); aqueous solution (37-50 wt% Formalin); uninhibited (methanol free); and inhibited (high methanol 6-15 wt% and low methanol 1-2 wt%).