1、 Formic acid price trend
(Figure: P value curve of formic acid products)
| PVA 2088 (PVA BP20) |
2、 Market analysis
Recently, the domestic industrial grade 85% formic acid market has been stable. As of November 24, the average price quoted by formic acid enterprises was 2200 yuan / ton, which was flat compared with last Tuesday (November 17) and increased by 3.13% compared with October 24, according to the data of the business club. Downstream on-demand procurement is the main, the overall demand is stable, and the market is running smoothly.
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.)
For the upstream caustic soda, on November 23, the price of caustic soda in Shandong was temporarily stable, and the mainstream ex factory price of 32% caustic soda was 400-530 yuan / T. the downstream purchasing demand was general, which contradicted the current caustic soda price. It is expected that the follow-up or narrow range of caustic soda sorting would be weak. According to the monitoring data of the business agency, the average price quoted by enterprises as of November 23 was 3100 yuan / ton, which was the same as last Tuesday (November 17) The upstream sulfuric acid market was temporarily stable in Shandong Province on November 24, and the upstream sulfur market rose slightly recently with good cost support, but the downstream purchasing enthusiasm was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid in the future market fluctuated slightly; according to the monitoring data of business agency, the average price of upstream sulfuric acid as of November 23 was 2117.50 yuan / ton, compared with that of last Tuesday (1 Compared with January 17, it was up 48.0% on December.
| PVA 0599 (PVA BF05) |
According to the price monitoring of business agency, on November 23, 2020, there were 22 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector on November 23, 2020, among which there were 4 kinds of commodities with an increase of more than 5%, accounting for 4.3% of the total number of commodities monitored in this plate; the top three commodities were calcium carbide (8.42%), aniline (6.80%) and ethylene glycol (6.42%). There were 12 kinds of commodities that declined on a month on month basis, with styrene (- 3.93%), TDI (- 3.57%) and bisphenol A (- 1.40%). The average rise and fall was 0.46%.
3、 Future forecast
Formic acid analysts from the business community believe that the raw material prices are mainly stable in the near future, with limited cost support, and downstream demand based procurement. It is expected that in the short term, the formic acid market may run smoothly, and more attention should be paid to market news guidance.
| POLYVINYL ALCOHOL |