Trade name: formic acid
Latest price (January 6): 4300 yuan / ton
On January 6, the market price of formic acid was temporarily stable, flat compared with the previous trading day, and increased by 4.03% compared with the price on December 6. At present, the raw material methanol finishing operation, the price of caustic soda has fallen, the price of sulfuric acid has been temporarily stable, and the price of liquid ammonia has been temporarily stable. The change of cost has little impact. The downstream just needs replenishment, and the market atmosphere is acceptable.
It is expected that the formic acid market may be stable in the short term.
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