This week (3.29-4.3), according to the Commodity Analysis System of Business Society, the average price quoted by domestic industrial grade 98% calcium formate enterprises is 3807.00 yuan/ton, which is 75 yuan/ton higher than the reference price of 3732.00 yuan/ton on March 30th, with a 2.01% increase.
Trend of raw material formic acid:
There are two main reasons for the rise in the calcium formate market. On the one hand, the raw material formic acid was bullish in the early stage. According to the commodity market analysis system of Business Society, as of March 27th, the average price quoted by formic acid enterprises was 3300.00 yuan/ton, which is 4.76% higher than the price on March 1st (formic acid reference price is 3150.00 yuan/ton). This puts significant cost pressure on calcium formate producers; On the other hand, the overall stock on the supply side is insufficient and supply is tight, and some manufacturers are still in the stage of arranging orders and shipping. However, overall, the demand side is mostly for rigid procurement, which is at a conventional level and has limited room for growth.
Future Market Forecast:
In the short term, the domestic price of calcium formate may show a consolidation trend and maintain stable operation.
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