1、 Price trend of formic acid
| Sodium Molybdate |
(Figure: P value curve of formic acid products)
2、 Market analysis
Recently, the domestic industrial grade 85% formic acid market is mainly stable, and the prices of some enterprises have been raised. According to the data of the business club’s bulk list, as of October 14, the average price quoted by formic acid enterprises was 2066.67 yuan / T, which was flat compared with the previous trading day, and increased by 13.76% compared with September 1. It is reported that the formic acid plant of Shandong ASDE Technology Co., Ltd. has started to operate 200000 tons of formic acid plant for its own use of formamide and calcium formate; the operating load of Nanjing BASF is about 80%. At present, the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2000 yuan / ton, and that of Jintan local industrial supply and Marketing Co., Ltd. is 2300 yuan / T. the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.
For the upstream caustic soda, on October 13, the price of caustic soda in Shandong was relatively strong. The mainstream ex factory price of 32% caustic soda was 450-530 yuan / ton. October is the traditional peak season, and the demand side of caustic soda has certain support. At the same time, October is also the maintenance peak period, so the supply side may tighten. It is estimated that the short-term caustic soda price may be stronger; the upstream liquid ammonia market will be stable in the near future (10.9-10.13); the upstream sulfuric acid market will rise slightly in Shandong Province in the near future (10.9-10.13), and the upstream sulfur market will rise slightly in the near future with good cost support, but the downstream purchasing enthusiasm is general, the supply of sulfuric acid is normal, and the factory price of sulfuric acid in the future market will fluctuate slightly As of October 14, the average price quoted by enterprises was 1902.50 yuan / ton, up 5.99% compared with October 1.
| povidone Iodine |
Downstream potassium formate, calcium formate, pharmaceutical industry demand is stable, downstream epoxy soybean oil industry started low load operation, downstream leather and pesticide industry started to steadily improve.
According to the price monitoring of business agency, on October 13, 2020, there were 20 kinds of commodities in the list of commodity price rise and fall, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities that increased were polymerized MDI (5.40%), formaldehyde (37%) (3.28%) and sulfur (2.30%). There were 6 kinds of commodities that declined on a month on month basis, and the top three products were crude benzene (- 1.00%), ethylene glycol (- 0.87%) and aluminum fluoride (- 0.75%). The average rise and fall was 0.29%.
3、 Future forecast
Formic acid analysts of the business community believe that the raw material prices are stable and strong in the near future, the cost support is fair, and the follow-up of new downstream orders is stable. It is expected that in the short term, the industrial grade formic acid market will be stable and good operation, and more attention should be paid to market news guidance.
| http://www.lubonchem.com/ |