According to the data of business agency, the weekly average price of industrial grade purified water formic acid in China this week is 2300 yuan / ton. The formic acid market is generally stable this week, with little market price fluctuation.

2、 Market analysis

Product: the domestic industrial grade purified water 85% formic acid market is relatively stable this week, and the overall price maintains the early stage. In terms of equipment: the manufacturer’s equipment is basically in normal operation, and the dealers report that the supply of goods in the market is a little tight and the inventory is insufficient. In terms of price: this week, the company’s quotation basically remained stable. The main factory price of formic acid was about 2300 yuan / ton, and that of main dealers was about 2520 yuan / ton. Local freight is smooth. Before that, a small number of manufacturers raised their prices due to freight and device problems. This week, they all returned the original prices. As of Friday (April 17), Zhangzhou San’an Chemical Co., Ltd. has quoted 2000 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1850 yuan / ton; Jinzhou jinhongda Chemical Co., Ltd. 2150 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid net water price including tax is 2900 yuan / ton.

Industrial chain: the market of liquid ammonia, the upstream product of formic acid, has been in stable operation. Recently, the urea market has been stable, and some manufacturers have increased slightly. The supply of liquid ammonia is in order, and the overall supply is equal to that at the beginning of the month. Domestic caustic soda mainly maintains weak operation. The upstream caustic soda products generally support the formic acid market, while the downstream products, leather and pesticide industry, have a general demand.

3、 Future forecast

According to the formic acid data division of business association, at present, the domestic industrial grade 85% formic acid market is relatively stable, enterprises generally maintain stability and wait-and-see, the downstream demand is general, the market favorable factors are insufficient, and the domestic industrial grade 85% formic acid market is expected to maintain stability in the short term.