According to the bulk list data of business society, as of August 2, the average quotation price of formic acid enterprises was 3100 yuan / ton, an increase of 2.20% compared with the price on July 31, 12.05% compared with the price on July 1, and 73.83% compared with the same period last year.

In July, the overall trend of domestic industrial grade 85% formic acid market rose, with a monthly increase of 9.64%. In the first half of July, there was no pressure on enterprise sales, the downstream industry just needed to purchase, the market trading was orderly and the atmosphere was OK. In the second half of July, the price of raw materials was relatively strong, the enterprise mainly delivered goods normally, the market trend was balanced, and the market was mainly stable and operated at a high level. In August, the formic acid market continued to rise. From the supply side, the unit operated normally, and from the demand side, the downstream demand was relatively stable.

The supply of caustic soda in the upstream is reduced, and the demand of alumina enterprises in the downstream of caustic soda is good. It is comprehensively estimated that the short-term caustic soda consolidation operation is the main; For upstream liquid ammonia, on August 1, the reference price of liquid ammonia was 4883.33, an increase of 10.15% compared with July 1 (4433.33); For upstream sulfuric acid, on August 2, the sulfuric acid Market in Shandong was temporarily stable, and the upstream sulfur market has increased slightly recently. Some sulfuric acid manufacturers have insufficient operation, the load has decreased, the downstream bromine market has gradually increased, and the downstream procurement enthusiasm is good; For upstream methanol, on August 2, the reference price of methanol was 2585.00, an increase of 1.17% compared with July 1 (2555.00).

Formic acid analysts of business society believe that the raw material market has operated strongly recently, the cost side has boosted market confidence, the supply and demand side is relatively stable, and the market trading is orderly. It is expected that the formic acid market may operate at a high level in the short term.