According to the bulk list data of Business News Agency, as of March 8, the average price of domestic industrial 85% formic acid enterprises was 3587.50 yuan/ton, up 0.35% from March 1.
| Thiourea |
Since March, the domestic industrial grade 85% formic acid market has been operating steadily. Recently, the price of raw material sulfuric acid has risen, and the market of raw material methanol has fluctuated in a narrow range. There is some support for the cost side. The operating rate of formic acid is about 75%, which has improved compared with the previous period. The supply side is sufficient. The demand of the main downstream formate market is stable, and the demand for feed, medicine, etc. is improving, which supports the stable rise of the market price of formic acid, and the market atmosphere is active.
Upstream products: upstream sulfuric acid, the domestic market price of sulfuric acid was temporarily stable on March 7, and the reference price of sulfuric acid was 256.67 on March 7, up 1.32% from March 1 (253.33); According to the monitoring of the Business News Agency, the reference price of methanol on March 7 was 2680.83, down 2.01% from March 1 (2735.83).
According to the formic acid analysts of the Business Society, the current cost support continues and the supply side recovers, but the demand side is stable and improving, which boosts the mentality of the industry. It is expected that the domestic industrial grade 85% formic acid market will mainly run at a high level in a short time, and more attention needs to be paid to the guidance of market news.
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