1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

According to the data of business news agency’s block list, as of April 13, the average quotation price of formic acid enterprises was 2533.33 yuan / ton, down 7.32% compared with last Wednesday (April 7), down 3.80% compared with March 13, and down 4.4% compared with January 1. Recently, the market of formic acid is weak, the price of formic acid is affected by the weakness of raw materials, the market trading atmosphere is general, and the downstream purchasing demand is rigid.

On April 13, the price of upstream caustic soda in Shandong Province was weak, and now the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to fluctuate slightly in the future; for upstream liquid ammonia, on April 12, the reference price of liquid ammonia was 3910.00, which was 0.68% lower than that on April 1 (3936.67); for upstream sulfuric acid, on April 13, the sulfuric acid Market in Shandong Province was temporarily stable, and the upstream sulfur market was recently consolidated at a high level, with good cost support, but the downstream purchasing enthusiasm was general, the sulfuric acid supply was normal, and the future sulfuric acid ex factory price was small On April 12, the reference price of methanol was 2375.00, which was 0.11% lower than that on April 1 (2377.50).

3、 Future forecast

Business community formic acid analysts believe that the recent weak operation of raw material prices, lack of cost support, has a certain constraint on the market mentality, downstream on-demand procurement, the market is mainly wait-and-see, it is expected that in the short term, formic acid market may wait-and-see consolidation, more attention should be paid to the trend of raw material prices.