Trade name: formic acid

Latest price (December 14): 4200 yuan / ton

On December 14, the market price of formic acid was temporarily stable, flat compared with the previous trading day, down 2.33% compared with the price at the beginning of the month and 44% compared with the price on November 14. At present, the raw materials methanol and caustic soda are in weak operation, the price of sulfuric acid is temporarily stable, the price of liquid ammonia rises slightly, the cost support is limited, the downstream inquiry and procurement efforts are OK, the enterprise mainly ships, and the market trading is orderly.

It is expected that the formic acid market may be stable in the short term.