According to the data of the business agency, the weekly average price of domestic industrial grade formic acid is 1783.33 yuan / ton this week. The overall market of formic acid is stable and the market price is not fluctuated.

2、 Market analysis

This week, the domestic industrial grade 85% formic acid market as a whole was relatively stable, the overall price remained in the early stage, and the current price did not adjust with last week. Device: the manufacturer’s device is basically normal. In terms of price: this week, the quoted price of enterprises basically remained around 1783.33 yuan / ton, the mainstream ex factory price of formic acid was about 2000 yuan / ton, and the quotation of mainstream dealers was around 2260 yuan / ton. As of Friday (August 21), Zhangzhou San’an Chemical Co., Ltd. offered 1350 yuan / ton; Zibo Pulis Chemical Co., Ltd. offered 1370 yuan / ton; and Hangzhou Fengchang Trading Co., Ltd., a distributor, charged 2100 yuan / ton of 85% formic acid purified water.

The overall situation of the upstream product liquid ammonia Market of formic acid has been stable, and local prices have risen slightly. Recently, the overall urea market has remained stable after a small decline this week, and the overall trend of liquid ammonia has been stable since the beginning of the month. Domestic caustic soda has a small range and little overall fluctuation. The upstream products generally support the formic acid market, while the downstream products such as leather and pesticide industry have a general demand.

3、 Future forecast

According to the formic acid data analyst of the business society, the domestic industrial grade 85% formic acid market is relatively stable, enterprises generally maintain stability and wait-and-see, the downstream demand is general, and there are not enough favorable factors in the market. It is expected that the domestic industrial grade 85% formic acid market will remain stable in the short term.