1、 Price trend of formic acid
| POLYVINYL ALCOHOL |
(Figure: P value curve of formic acid products)
2、 Market analysis
On September 22, the domestic industrial grade 85% formic acid market was temporarily stable. According to the data of business club’s bulk list, as of September 22, the average price quoted by formic acid enterprises was 2066.67 yuan / ton, which was flat compared with the previous trading day, increased by 13.76% compared with the beginning of the month, and increased by 21.09% compared with August 22. The equipment of the enterprise basically operates normally. The downstream pharmaceutical, rubber, leather, pesticide and other industries mainly purchase formic acid on demand, and the transaction is fair. The overall market price is mainly stable without obvious fluctuation.
According to the data monitoring of the business agency, the price of formic acid of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)
Enterprise price specification date
Zhangzhou San’an Chemical Co., Ltd. 2000 yuan / ton, use level: industrial grade; content: ≥ 85.0%; grade: superior product: September 22, 2020
Zibo pulisi Chemical Co., Ltd.; 2000 yuan / T; application level: industrial grade; content: ≥ 85.0%; grade: superior product: September 22, 2020
Jintan local industrial supply and Marketing Co., Ltd. 2200 yuan / ton, use level: industrial grade; content: ≥ 85.0%; grade: superior product: September 22, 2020
For the upstream caustic soda, the price of domestic liquid caustic soda is weak, the awareness of upstream price promotion is strong, and the downstream demand is weak. It is expected that the price of caustic soda in Shandong will be weak and stable in the later stage, with little impact on formic acid.
| PVA 1788 (PVA BP17) |
For the upstream liquid ammonia, this week (9.14-9.18), the domestic liquid ammonia market remained stable in most regions, while Hebei continued to maintain the steady state last week. The price in Shandong first fell and then rose, and the price stabilized at the weekend. According to the monitoring of the business agency, the decline of liquid ammonia in Shandong was 1.06% in the week of 18th according to the monitoring of the business agency, and the mainstream quotation in the market was 2750-3000 yuan / T, which had a small negative impact on formic acid.
Upstream sulfuric acid, September 21, Shandong sulfuric acid market temporarily stable. The upstream sulfur market has risen slightly recently with good cost support, but the downstream purchasing enthusiasm is general, the supply of sulfuric acid is normal, and the ex factory price of sulfuric acid in the future market fluctuates slightly, which has a limited impact on formic acid.
According to the monitoring data of business agency, the average price quoted by enterprises as of September 21 was 1795 yuan / ton, which was 0.83% lower than last Friday (September 18) and 10.12% higher than that at the beginning of the month.
3、 Future forecast
According to formic acid analysts of business community, the price of upstream caustic soda and sulfuric acid is mainly stable, while liquid ammonia has declined slightly. At present, methanol is running lightly, and the cost support is relatively general. Downstream procurement is on demand. It is expected that the industrial grade formic acid market will operate smoothly in the short term, and more attention should be paid to the market information guidance.
| PVA |