According to the data of business agency, the weekly average price of industrial grade formic acid in China this week is 2066.67 yuan / ton. The overall weakness of formic acid market this week is mainly downward, and the market turnover is acceptable.
2、 Market analysis
Product: this week, the domestic industrial grade 85% formic acid market as a whole was in a weak downward trend, with the overall price down 3.12%. Due to the recovery of all aspects of inventory and transportation, the current price has been adjusted to a stable market. In terms of equipment: the manufacturer’s equipment is basically in normal operation, and the delivery is acceptable. This week, the supply of formic acid in the formic acid market has increased, the market supply is acceptable, and the enterprise has inventory. Price: the main factory price of purified water formic acid is about 1833.33 yuan / ton, and the main barrel formic acid dealer’s quotation is 2570 yuan / ton. As of Friday (May 8), Hangzhou Fengchang Trade Co., Ltd. has offered 2300 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1800 yuan / ton; Jinzhou jinhongda Chemical Co., Ltd. 2100 yuan / ton; Zhangzhou San’an Chemical Co., Ltd. 1600 yuan / ton.
| sulphamic acid |
Industry chain: the domestic liquid ammonia Market of formic acid upstream products continued to be weak and stable, and some enterprises reduced their prices by a small margin. The whole domestic caustic soda city keeps stable operation, and the phenomenon of supply exceeding demand continues. In some areas, the market price of caustic soda has been slightly reduced, but it has little impact on the overall market. The upstream products generally support the formic acid market, while the downstream products leather and pesticide industry demand is relatively cold.
3、 Future forecast
According to the formic acid data division of business association, the domestic industrial grade 85% formic acid market is generally weak and stable. Dealers have inventory this week, the market supply is acceptable, the market supply has increased, the downstream demand is insufficient, the market supply is greater than the demand, it is expected that the domestic industrial grade 85% formic acid market will fall slightly in the short term.
| Sulfamic acid |