Trade name: formic acid

Latest price (April 20):9666.67 yuan / ton

On April 20, the market price of industrial grade 85% formic acid was stable, flat compared with the previous trading day, and increased by 95.95% compared with the price on March 20. At present, the main raw material methanol market fluctuates in a narrow range, with little impact on the change of cost, strong support from supply and demand, good orders in the export market, active market trading atmosphere and strong price focus.

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