Price trend

On March 13, the average weekly price of domestic industrial water purification formic acid was 1,950 RMB/ton. As of March 13, the average weekly price of domestic industrial barreled formic acid was 2,566 RMB/ton, and some formic acid manufacturers were rushed to inventory. No external quotation is currently available. Most of the quotations of traders are rising, and a small part of them are lowered.

Analysis review   

Product: The domestic industrial water purification grade 85% formic acid market is relatively stable as a whole this week. Formic acid manufacturers keep the original price of supply and sales. In part, due to insufficient inventory, prices have been raised, but they are not quoted. The prices of traders have varied, but overall prices tend to rise.

In terms of equipment: Most of the merchants have abundant supplies and can be shipped normally, and transportation is not affected; as of Friday (March 13), in terms of industrial water purification: Jinzhou Jinhongda Chemical Co., Ltd. quoted 2,100 / ton; Zibo Pu Lies Chemical Co., Ltd. has no stock for the time being; In terms of industrial barrels: Jintan Local Supply and Marketing Co., Ltd. quoted ,2600 / ton; Jinan Senhongxin Co., Ltd. 2,500 / ton; Jinan Huijinchuan Co., Ltd. industrial water purification 2,600 / ton, barrel 3,200 / ton.

Industrial chain: Formic acid upstream products, the liquid ammonia market is on the rise, sulfuric acid is temporarily stable, and the methanol market is slightly lower. Downstream product recovery is slow.

Market outlook

The formic acid data analyst of SunSirs believes that the current domestic industrial-grade 85% formic acid market is on the rise as a whole, and some manufacturers are running out of supplies. In the near future, customers who plan to stock up need to plan ahead.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.