Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 19th, the average price of industrial grade 85% formic acid quoted by domestic formic acid enterprises was 3,875.00 RMB/ton, which was unchanged from last Friday (April 14th).

Analysis review

Recently, the domestic industrial grade 85% formic acid market remained high and stable. Recently, the price of raw material sulfuric acid dropped, and the market for raw material methanol was stronger, and the cost support was limited. The downstream pesticide, rubber, leather, and pharmaceutical industries purchased goods according to market demand, with rigid demand as the main focus, and the focus of negotiations in the formic acid market was stable.

Upstream product: upstream sulfuric acid. On April 18, the price of domestic sulfuric acid market fell slightly, 13.33 RMB/ton, 5.03% lower than that on April 17, 79.11% lower than that on the same period last year; Upstream methanol, according to the Commodity Market Analysis System of SunSirs, the reference price for methanol on April 18th was 2,540.83 RMB/ton, a decrease of 0.81% compared to April 1st (2,561.67 RMB/ton).

Market outlook

SunSirs formic acid analysts believe that the current cost support is average, and market transactions are mainly based on demand. It is expected that the domestic industrial grade 85% formic acid market will mainly be stable in the short term, and more attention needs to be paid to

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