1、 Formic acid price trend
(Figure: p-value curve of formic acid product)
2、 Market analysis
On May 6, the domestic industrial grade 85% formic acid market rose. According to the data of the business club’s block list, as of May 6, the average quotation price of formic acid enterprises was 2466.67 yuan / ton, up 1.37% compared with the price before the festival, and down 17.32% compared with April 6. After the festival, the enthusiasm of downstream procurement has been improved, the market trading atmosphere is better, and the focus of formic acid market negotiation has moved up.
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 the merchants is in line with the market, and the actual transaction price of different brands, different specifications and products is mainly negotiated.)
enterprise market price Specifications date
Zhangzhou San’an Chemical Co., Ltd 2400 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06
Liaocheng transportation group Hongmao Materials Co., Ltd 2350 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06
Jinan jinrihe Chemical Co., Ltd 2300 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06
Jintan local industrial supply and Marketing Co., Ltd 2600 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06
For upstream caustic soda, on May 6, the price of caustic soda in Shandong remained weak. At present, the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The enterprise’s shipment is tepid, and the downstream receiving situation is weak and stable. There is a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future; On May 6, the market of liquid ammonia in Shandong Province was slightly loose; On May 6, the market of sulfuric acid in Shandong Province was temporarily stable. The market of sulfur in the upper reaches was recently consolidated at a high level, and the cost support was good. However, the purchasing enthusiasm in the lower reaches was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid rose slightly in the future; Upstream methanol, May 6, Anhui methanol market higher.
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3、 Future forecast
Business community formic acid analysts believe that after the festival, there is a demand for replenishment in the downstream, which is more active in entering the market. Manufacturers can ship smoothly and support the market. It is expected that the formic acid market will be stable, medium and strong in the short term. More attention should be paid to the changes in raw material prices and market information guidance.