According to the data of the bulk list of business cooperatives, as of December 21, the average price of 85% domestic industrial formic acid enterprises was 3000.00 yuan/ton, which was the same as that of last Thursday (December 15).

Recently (12.15-12.21) the market price of domestic industrial grade 85% formic acid kept stable. Recently, the price of raw material sulfuric acid has fallen, the price of raw material methanol has been weak, and the cost support is weak. The downstream inquiry and procurement are moderate. The enterprise mainly ships, the market delivery is orderly, and the negotiation focus continues to operate stably.

Upstream product: upstream sulfuric acid. On December 20, the domestic sulfuric acid market price fell. On December 20, the reference price of sulfuric acid was 296.67, down 5.31% compared with December 15 (313.33); On December 20, the reference price of upstream methanol was 2640.00, down 1.43% compared with December 15 (2678.33).

The formic acid analysts of the business community believe that the current cost support is limited, the supply and demand support is fair, and the market transaction is just in demand. In the short term, the domestic industrial grade 85% formic acid market may still be stable, and more attention should be paid to the downstream pre festival stock demand.