According to the data of the bulk list of business agencies, the average price of formic acid enterprises as of July 28 was 3033.33 yuan / ton, which was the same as that of July 21, up 9.64% compared with the price on June 28, and 24.66% year-on-year in three months.

The overall trend of formic acid Market in the first ten days of July rose by 9.64%. In late July, the domestic industrial grade 85% formic acid price continued to run at a high level, with balanced market trend, stable price as the main price, normal delivery of enterprises as the main, and the overall downstream demand continued to need to be purchased.

The demand of alumina enterprises in the downstream of caustic soda is good, and the short-term high-level operation of caustic soda is mainly predicted; The reference price of liquid ammonia in the upstream was 4783.33 on July 27, up 1.41% compared with that on July 21 (4716.67); The upstream sulfuric acid, the sulfuric acid Market in Shandong Province was temporarily stable on July 27, the upstream sulfur market has risen slightly in the near future, some sulfuric acid manufacturers are under construction, the load is reduced, the downstream bromine market is gradually rising, and the downstream procurement enthusiasm is good; Upstream methanol, July 27, methanol reference price is 2585.00, up 0.98% compared with July 21 (2560).

The formic acid analysts of business agency believe that the current cost side support is relatively strong, the quotation of formic acid enterprises will be on the market with the downstream inquiry and purchasing enthusiasm. Under the support of raw materials, it is expected that the formic acid market will be stable and medium strong in the short term.