This week (3.13-3.20), the market trend of calcium formate fluctuated and declined. As of March 20th, the benchmark price of calcium formate at Shengyishe was 3732.50 yuan/ton. Compared with last week (3782.50 yuan/ton), the price decreased by 50 yuan/ton, a decrease of 1.32%. The reference price for the North China market is 3600 yuan/ton, while the reference price for the East China market is 3750 yuan/ton;

Cost side:

The market price of raw material formic acid is stable, with a benchmark price of 3300.00 yuan/ton for Shengyishe formic acid, which is unchanged from last week. Cost support is still acceptable.

Overall

The main reason for the slight decrease in the market price of calcium formate is that there is sufficient on-site spot supply, and the overall purchasing enthusiasm is weak due to the influence of terminal real estate. However, in the future, analysts from Business Society predict that as the price of calcium formate decreases, terminal market demand may recover, which will alleviate market supply and demand. In the short term, the price of calcium formate will remain stable.