According to the data of business agency: on June 8, the weekly average price of domestic industrial grade formic acid was 1933.33 yuan / ton. As of June 12, the weekly average price of domestic industrial grade formic acid was 1883.33 yuan / ton, down 5.83%. This week, the formic acid market was mainly weak and stable.
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2、 Market analysis
This week, the domestic industrial grade 85% formic acid market as a whole showed a weak trend of maintaining stability. After restrictions on foreign trade exports, due to sufficient inventory, most manufacturers cut prices, while dealers did not adjust the price trend because they were not subject to the problem of stacking goods. At present, the market demand for formic acid is average, and the devices are shipped normally. Price: this week, the price of industrial barreled water is generally around 2220 yuan / ton, and the factory price of main industrial purified water of formic acid is about 1600 yuan / ton. As of Friday (June 12), Jinzhou jinhongda Chemical Co., Ltd. has offered 1850 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1500 yuan / ton; Zhangzhou Sanan Chemical Co., Ltd. 1450 yuan / ton; Luxi Chemical Co., Ltd. 1700 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid industrial barrel price 2300 yuan / ton.
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The mainstream of the liquid ammonia Market of the upstream product of formic acid is stable, moderate and narrow adjustment, and the prices of some regions are slightly increased, so the market demand is acceptable. The domestic caustic soda market fluctuates in a narrow range. The ex factory price of some manufacturers is increased by 10-20 yuan / ton. The downstream is mostly purchased on demand. It is expected that the market will fluctuate in a narrow range in the later period. In the second half of the week, the market was basically stable, with general market demand. Upstream products have no good support for formic acid cost. The demand for formic acid in the downstream leather and pesticide industries is relatively stable and the sales situation is general.
3、 Future forecast
According to the formic acid data division of the business association, the domestic industrial grade formic acid market as a whole maintains a weak stability. The upstream products are in weak operation, the formic acid price has no good support, and the downstream demand is general. The formic acid market is expected to be slightly adjusted in the short term.
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