According to the data of the business agency, the weekly average quotation of domestic industrial grade formic acid is 1816.67 yuan / ton. The overall formic acid market this week is relatively stable, and the market price is not adjusted much.
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2、 Market analysis
This week, the domestic industrial grade 85% formic acid market as a whole showed a relatively stable trend. The price remained in the early stage. After the market stabilized, the current price fell back from the price at the beginning of the year. However, due to the lack of export power, the storage capacity was in a saturated state. In recent months, most manufacturers gradually adjusted their prices. In terms of equipment: the manufacturer has sufficient inventory, the device operates normally, and the shipment is acceptable. This week, the supply of formic acid market is fair, and all enterprises have inventory. In terms of price: this week, the quoted price of enterprises has been basically maintained at around 1816.67 yuan / ton, the mainstream ex factory price of formic acid is about 1350-1700 yuan / ton, and the quotation of mainstream dealers is between 1950-2800 yuan / ton. Due to the high freight cost or source production cost in East China, the quotation is high. As of Friday (July 3), Jinzhou jinhongda Chemical Co., Ltd. offered 1700 yuan / ton; Zibo Pulis Chemical Co., Ltd. offered 1450 yuan / ton; Zhangzhou San’an Chemical Co., Ltd. offered 1350 yuan / ton; Luxi Chemical Co., Ltd. had quoted 1700 yuan / ton of 85% formic acid net water.
The domestic liquid ammonia Market of formic acid upstream products mainly runs smoothly, with partial consolidation. At present, the market of urea and methanol is general, and the price rises slightly, and the overall supply still slightly exceeds the demand. The domestic caustic soda market is running at a high level, and the upstream products generally support the formic acid market, while the demand for leather and pesticide industries 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 overall price of 85% industrial grade formic acid in China is relatively stable. Recently, the inventory of dealers is fair, the downstream demand is relatively cold, and the enterprise’s shipment is not much. It is expected that the domestic industrial grade 85% formic acid market will be mainly consolidated in the short term.
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