According to the data of the business agency, the average weekly quotation of domestic industrial grade formic acid is 1766.67 yuan / ton this week, and the overall formic acid market remains stable with little market fluctuation.

2、 Market analysis

This week, the domestic industrial grade 85% formic acid market as a whole remained stable, the inventory was saturated, and a small part of the mainstream market prices were down. This week, manufacturers and dealers generally maintain the early price, no obvious adjustment, manufacturers, dealers device are normal. It is understood that the price quoted by enterprises is generally maintained at 1766.67 yuan / ton. Due to the continuous price reduction of the stock gradually saturated in the previous period, the supply of goods in the market has been eased. Enterprises should give priority to multi-dimensional and stable quotation. At present, the mainstream ex factory price of formic acid is about 1450 yuan / ton, and the quotation of mainstream dealers is between 1950-2700 yuan / ton. Due to the high freight cost or source production cost in East China, the quotation is high. As of Friday (July 17), Jinzhou jinhongda Chemical Co., Ltd. offered 1650 yuan / ton; Zibo Pulis Chemical Co., Ltd. offered 1350 yuan / ton; Zhangzhou Xiangcheng San’an Chemical Co., Ltd. offered 1350 yuan / ton.

The liquid ammonia Market of formic acid upstream products remained stable at a high level, with a narrow adjustment trend in some parts. The main adjustment of caustic soda price was stable, and the delivery rhythm was acceptable. Some manufacturers adjusted their prices. The support of upstream products to formic acid market is fair, while the demand of leather and pesticide industry of downstream products is relatively cold, and there is not much receiving.

3、 Future forecast

According to the formic acid data analyst of the business society, the current domestic market price of industrial grade 85% formic acid has gradually stabilized, but the price is still at a low and stable state. The supply of goods in the market is sufficient, the downstream demand is relatively cold, and there is insufficient support for the formic acid market. Most enterprises hold a stable attitude. It is estimated that 85% of the domestic industrial grade formic acid market will be stable in the short term.