Trade name: formic acid

Latest price (February 22): 4616.67 yuan / ton

On February 22, the formic acid market was temporarily stable, flat compared with the previous trading day, and increased by 1.84% compared with the price on January 22. Recently, the upstream caustic soda is in strong operation, the price of sulfuric acid is temporarily stable, the price of liquid ammonia rises, the price of methanol is stable and wait-and-see, the cost support is enhanced, the downstream is mainly purchased on demand, the market procurement and sales are orderly, and the focus of negotiation is stable.

It is expected that in the short term, the formic acid market may operate at a high level and stably.