As of July 26, the average quotation price of formic acid enterprises was 3900.00 yuan / ton, unchanged from last Thursday (July 21), down 13.97% from June 26 and 59.66% year-on-year in a three-month cycle, according to the bulk list data of business society.
| Sulfamic acid |
Recently (7.21-7.26), the domestic industrial 85% formic acid market has been running smoothly. Recently, the prices of upstream products have risen and fallen, and the cost impact is limited. The downstream maintains on-demand procurement, the enthusiasm for inquiry procurement is general, the market transaction is moderate, and the focus of negotiation in the industrial grade 85% formic acid market is stable.
In terms of cost: upstream caustic soda, caustic soda enterprises flexibly adjust their quotations, but mainly wait-and-see attitude, and it is comprehensively expected that they will mainly maintain the consolidation trend in the later stage; Upstream liquid ammonia, on the 26th, the rise of liquid ammonia Market in Shandong slowed down, and some traders stopped rising and stabilized. Today’s market quotation did not change much from yesterday’s; Upstream sulfuric acid, the domestic sulfuric acid market price fell on July 26; Upstream methanol, according to the monitoring data of business agency, from July 18 to 25, the average price of domestic methanol market rose from 2393 yuan / ton to 2432 yuan / ton, with a price increase of 1.62% in the cycle, a price decrease of 3.47% month on month and a year-on-year decrease of 5.90%.
According to the formic acid analysts of business society, the current cost support is general, and the market transactions are on demand. It is expected that the domestic industrial grade 85% formic acid market may operate stably in the short term.
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