SunSirs--China Commodity Data Group

Language

日本語

한국어

русский

deutsch

français

español

Português

عربي

türk

中文

Sign In

Join Now

Contact Us

Home > Formic acid News > News Detail
Formic acid News
SunSirs: The Formic Acid Market Still Performed Averagely under Low Inventory Levels
September 04 2024 14:04:58SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the formic acid market still performed poorly in early September. As of September 3, the average price of 85% formic acid was 2,575 RMB/ton, a decrease of 5.55% from the same period last month at 2,725 RMB/ton.

Analysis review

Supply side: As of September 3, mainstream production enterprises were facing maintenance issues, resulting in a decrease in on-site supply.

In terms of cost: The raw material methanol market had been continuously weak recently, with an increase in operating rates and an increase in imported quantities to ports. Inventory remained high, and prices were running weakly, weakening support for formic acid.

Market outlook

In the context of the general weakening of the chemical market, the weakness of formic acid is difficult to change, and more attention needs to be paid to downstream market demand.

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

【Copyright Notice】In the spirit of openness and inclusiveness of the Internet, SunSirs welcomes all media and institutions to reprint and quote our original content. If reprinted, please mark the source SunSirs.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products