According to the data of business agency, the weekly average quotation of domestic industrial grade formic acid is 1800 yuan / ton, and the overall formic acid market this week remains stable with little market fluctuation.
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2、 Market analysis
This week, the domestic industrial grade 85% formic acid market as a whole remained stable, with saturated inventory and no significant market adjustment. This week, manufacturers and dealers generally maintain the early price without obvious adjustment, and the devices of manufacturers and dealers are normal. It is understood that the price quoted by enterprises is generally maintained at around 1800 yuan / ton. Due to the continuous price reduction of the stock gradually saturated in the previous period, the supply of goods in the market has been eased. Enterprises should give priority to multi-dimensional and stable quotation. At present, the mainstream ex factory price of formic acid is about 1537.5 yuan / ton, and the quotation of mainstream dealers is between 1950-2700 yuan / ton. Zhejiang, Hubei and other places due to high freight costs or source production costs, high prices. As of Friday (July 10), Jinzhou jinhongda Chemical Co., Ltd. offered 1650 yuan / ton; Zibo Pulis Chemical Co., Ltd. offered 1450 yuan / ton; Zhangzhou Xiangcheng San’an Chemical Co., Ltd. offered 1350 yuan / ton.
The liquid ammonia Market of formic acid upstream products continued the general trend and maintained stability, local narrow range adjustment trend, the price of caustic soda was stable and small, the shipping rhythm was fair, the future market was stable, and some manufacturers adjusted their prices. The support of upstream products to formic acid market is fair, while the demand of leather and pesticide industry of downstream products is relatively cold, and there is not much receiving.
3、 Future forecast
According to the formic acid data analyst of the business society, the current domestic market price of industrial grade 85% formic acid has gradually stabilized, but the price is still at a low and stable state. The supply of goods in the market is sufficient, the downstream demand is relatively cold, and there is insufficient support for the formic acid market. Most enterprises hold a stable attitude. It is estimated that 85% of the domestic industrial grade formic acid market will be stable in the short term.
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