1、 Formic acid price trend
| Benzalkonium chloride |
(Figure: p-value curve of formic acid product)
2、 Market analysis
Recently, the domestic industrial grade 85% formic acid market has been running smoothly. According to the data of the business club’s block list, as of January 19, the average quotation price of formic acid enterprises was 2650 yuan / ton, which was flat compared with last Tuesday (January 12), increased by 15.22% compared with December 19, and increased by 22.31% compared with the same period last year. Recently, the domestic industrial grade 85% formic acid market remained stable as a whole, and the manufacturers and dealers generally maintained that there was no obvious price adjustment in the early stage, but the price was still at a high level compared with the same period last year. According to the monitoring data of the business association, the price of formic acid of some enterprises is summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton, that of Zibo Pulis Chemical Co., Ltd. is 2550 yuan / ton, and that of Jintan local Industrial Supply and Marketing Co., Ltd. is 2800 yuan / ton. The spot price of merchants follows the market, The actual transaction price is mainly through negotiation.
For upstream caustic soda, on January 19, the price of caustic soda in Shandong Province was temporarily stable. The mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton, and the downstream purchase demand was general. There was a certain conflict with the current price of caustic soda, and it was expected that the follow-up or narrow range of caustic soda would be weak. For upstream liquid ammonia, according to the monitoring data of the business community, as of January 18, the average price quoted by enterprises was 3343.33 yuan / ton, up 1.62% compared with the beginning of the month; For upstream sulfuric acid, the market of sulfuric acid in Shandong Province was temporarily stable on January 19. The recent high price of sulfur in the upstream was consolidated, and the cost support was good. However, the downstream purchasing enthusiasm was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid in the future fluctuated slightly. For upstream methanol, according to the monitoring data of business society, the average price quoted by enterprises was 2362.50 yuan / ton as of January 19, up 2.27% compared with the beginning of the month.
According to the price monitoring of the business community, on January 18, 2021, 25 kinds of commodities rose in the chemical industry sector, of which 3 kinds of commodities rose by more than 5%, accounting for 3.3% of the number of commodities monitored in the sector; the top 3 commodities were bisphenol A (6.68%), DMF (6.12%) and formaldehyde (37%) (5.46%). A total of 14 kinds of commodities declined month on month, with propane (- 4.04%), hydrogen peroxide (- 3.31%) and chloroform (- 3.03%) as the top three products. The average daily rise and fall was 0.36%.
3、 Future forecast
Business community formic acid analysts believe that in the near future, the cost side support is general, downstream on-demand procurement, the overall market volatility is not big, manufacturers and dealers mainly maintain stability and wait-and-see, it is expected that in the short term, formic acid market will be mainly stable, more attention should be paid to market information guidance.
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