According to the data of the business club’s block list, as of May 20, the average quotation price of formic acid enterprises was 2733.33 yuan / ton, up 9.33% compared with last Thursday (May 13), up 10.81% compared with April 20, and up 35.54% compared with the same period last year.
Since May, formic acid market has been rising steadily, and the market price has risen again this week. On the supply side, Shandong ASDE Technology Co., Ltd. recently started the operation of 200000 tons of plant, and Nanjing BASF’s start-up load was maintained at about 90%. Rising costs combined with export demand are the main driving factors for the strong market this week.
According to the data monitoring of the business agency, the price of formic acid of some enterprises is summarized (for reference only, the spot price of the merchants is in line with the market, and the actual transaction price of different brands, different specifications and products is mainly negotiated.)
On May 19, the market of upstream caustic soda in Shandong continued to be weak and stable. Now the mainstream ex factory price of 32% caustic soda is 400-490 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to operate with small fluctuation in the future; On May 20, the market of liquid ammonia in Shandong continued to rise; Upstream sulfuric acid, May 20, Shandong sulfuric acid market temporarily stable; The reference price of upstream methanol was 2725.00 on May 19, up 6.45% compared with 2560.00 on May 1.
Business analysts believe that overall, the current cost side has a certain support, and the demand side performance is fair. It is expected that the formic acid market will mainly run at a high level in the short term, and more attention should be paid to the change of raw material prices.
| Thiourea |