1、 Formic acid price trend

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

2、 Market analysis

According to the data of the business club’s block list, as of January 26, the average quotation price of formic acid enterprises was 2650 yuan / ton, which was the same as that of the previous trading day and that of last Tuesday (January 19), with a three-month cycle and a year-on-year increase of 24.22%.

Recently, the domestic industrial grade 85% formic acid market has maintained a stable trend. The prices of most enterprises have maintained a high and stable level, and the cost has been generally boosted. The downstream factories purchase more on demand, and the market is mainly stable and wait-and-see. According to the data monitoring of business association, the price quotation of formic acid of some enterprises is summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton, the quotation of industrial grade 85% formic acid of Zibo Pulis Chemical Co., Ltd. is 2550 yuan / ton, the quotation of industrial grade 85% formic acid of Jintan local industrial supply and Marketing Co., Ltd. is 2800 yuan / ton, and the quotation of industrial grade 85% formic acid of Shandong tamasuk Chemical Co., Ltd. is 2600 yuan / ton It’s 2500 yuan / ton. The spot price of the merchants depends on the market. The actual transaction price is mainly through negotiation.

For upstream caustic soda, the price of caustic soda in Shandong Province was temporarily stable on January 25. The mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton, and the downstream purchase demand was general. There was a certain conflict with the current price of caustic soda, and it was expected that the follow-up or narrow range of caustic soda would be weak. For upstream liquid ammonia, according to the monitoring data of business society, the average price quoted by enterprises was 3383.33 yuan / ton as of January 25, up 2.84% compared with the beginning of the month; The upstream sulfuric acid Market in Shandong was temporarily stable on January 25. The upstream sulfur market was recently consolidated at a high level, and the cost support was good. However, the downstream purchasing enthusiasm was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid fluctuated slightly in the future. According to the monitoring data of the business community, the average price of upstream methanol quoted by enterprises was 2335 yuan / ton as of January 25, which was down compared with last Tuesday (January 19) 06%, up 1.08% compared with the beginning of the month.

According to the price monitoring of the business community, on January 25, 2021, in the list of commodity prices, there were 21 kinds of commodities in the chemical industry sector that rose month on month, of which 2 kinds of commodities increased by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities were paraformaldehyde (7.73%), lithium hydroxide (5.56%) and toluene (2.79%). There were 15 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 products with a decrease were propane (- 12.56%), chloroform (- 6.21%) and propylene oxide (- 4.46%). The average daily rise and fall was – 0.03%.

3、 Future forecast

Business community formic acid analysts believe that the recent cost support is limited, and market trading is mainly on demand. It is expected that the formic acid market will continue to be stable in the short term, and more attention should be paid to market information guidance.