It is estimated that the domestic 85% formic acid Market in the short term to stabilize

at present, Guoen upstream products of domestic ammonia producing areas of market supply is tight, companies continue to push up the price, the downstream rigid demand is stable, no pressure ammonia shipments, enterprise strong willingness very price.

The domestic market price of 85% formic acid in 4322.22 yuan / ton, the price unchanged from yesterday. Today, the domestic 85% formic acid overall market prices remain stable and experienced early surge after the formic acid market began to steady trend, the majority of enterprises prices remain high and stable, no significant price adjustment. It is understood that the domestic price of 85% formic acid generally maintained at 5000 yuan / ton. Device, Luxi Chemical acid device in normal operation, as Shandong have yet to reopen the market supply compared to before easing slightly. At present, Shanghai Lawton Fine Chemical Co., the price of 5300 yuan / ton; Zibo Pulis Chemical Co., offer 5000 yuan / ton; Jinzhou gold HTC Chemical Co., offer 5000 yuan / ton.

At present, the downstream leather, chemicals and other industries are indifferent to acid demand, is expected to domestic 85% formic acid Market in the short term to stabilize.