Trade name: formic acid
Latest price (April 11): 7266.67 yuan / ton
On April 11, the market price of industrial grade 85% formic acid was at a high level, flat compared with the previous trading day, and increased by 43.42% compared with the price on March 11. At present, the price of main raw material methanol is weak, the cost support is limited, a large factory at the supply side is overhauled, the market supply is reduced, the main downstream just needs to follow up, the export orders are increased, and the supply and demand support is strong.
It is expected that in the short term, the formic acid market may be dominated by strong operation.
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