1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

The formic acid market has risen recently. According to the data of the business club’s block list, as of March 23, the average quotation price of formic acid enterprises was 2650 yuan / ton, up 3.25% compared with last Tuesday (March 16), up 1.92% compared with February 23, and up 35.9% compared with the same period last year. Recently, the manufacturer’s shipping price has increased. According to the source of goods and market conditions, the dealers have increased to varying degrees, with an increase of about 100-200 yuan / ton. The downstream demand is fair, and the market transaction is orderly.

Upstream caustic soda, according to the monitoring data of the business community, as of March 23, the average price quoted by enterprises was 490 yuan / ton, up 1.55% compared with last Tuesday (March 16); upstream liquid ammonia, on March 24, the price of liquid ammonia in Shandong continued to rise, and today, some large factories in Shandong generally increased by 50 yuan / ton. Due to the shortage of goods in Hebei, the increase of local and external sales in Shandong, the current inventory pressure in this area At present, the mainstream market price in this area is 3500-3650 yuan / ton; upstream sulfuric acid, Shandong sulfuric acid market is temporarily stable on March 23; upstream methanol, Shandong methanol enterprise ex factory quotation is stable on March 23, Anhui methanol market shocks upward, Shanxi methanol market is higher, Lianghu methanol market is lower, Liaoning methanol market is lower The methanol market went down, and the methanol market in Henan rose in a narrow range.

3、 Future forecast

Business community formic acid analysts believe that in the near future, the price of raw materials is stable and relatively strong, and the market trading atmosphere is acceptable, which will boost the market mentality. It is expected that in the short term, the formic acid market may be stable and rising, so more attention should be paid to the market information guidance.