According to the data of business agency, the weekly average price of domestic industrial grade purified water formic acid is 2300 yuan / ton this week. The formic acid market is relatively stable as a whole this week, and the market price adjustment is not big.
2、 Market analysis
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Product: this week, the domestic industrial grade 85% formic acid market as a whole showed a relatively stable trend. The price remained at a high level compared with the same period last year. In terms of devices: the devices of manufacturers and distributors operate normally, the delivery is acceptable, the supply of formic acid in the market this week is acceptable, and the enterprises are all in stock. In terms of price: this week, the company’s quotation is basically around 2300 yuan / ton, the main factory price of industrial purified water formic acid is about 1850-2900 yuan / ton, and the main dealers’ quotation is 2492 yuan / ton. As of Friday (March 24), Jinzhou jinhongda Chemical Co., Ltd. quoted 2150 yuan / ton; Zibo Pulis Chemical Co., Ltd. quoted 1850 yuan / ton; Zhangzhou San’an Chemical Co., Ltd. quoted 2000 yuan / ton; 85% formic acid barrel price, Hangzhou Fengchang Trade Co., Ltd. quoted 2900 yuan / ton; Jintan local supply and Marketing Co., Ltd. quoted 2100 yuan / ton; Jinan senhong New Trade Co., Ltd. quoted 2410 yuan / ton; Jinan Huijin Sichuan Trading Co., Ltd. offers 3200 yuan / ton.
Industrial chain: the domestic liquid ammonia Market of formic acid upstream products is dominated by stable operation, some manufacturers are fine-tuning, the urea market is declining downward, the overall situation of methanol is dominated by rising, and the domestic caustic soda market is declining slightly, and the overall trend is stable. The upstream products generally support the formic acid market, while the leather and pesticide industries of the downstream products are relatively stable with general sales.
3、 Future forecast
According to the formic acid data division of business association, the overall price of domestic industrial grade 85% formic acid market is relatively stable, and the current price is still high compared with the same period last year. Recently, the dealer inventory is acceptable, the downstream demand is relatively cold, and the enterprise’s shipment is not much. It is expected that the domestic industrial grade 85% formic acid market will be consolidated in the short term.
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