According to the commodity market analysis system of SunSirs: formic acid rebounded slightly at the beginning of this week. As of May 27, the domestic 85% industrial-grade formic acid SunSirs benchmark price was 2,600 RMB/ton, up 4% from last week.
It is reported that Luxi Chemical has been mainly based on overseas orders recently, and there is no domestic volume increase. The market supply has been reduced, the supply is tight, and the price of formic acid has risen accordingly.
SunSirs formic acid data analysts believe that the current market inventory is low, the supply is reduced, and the price of formic acid has the momentum to rise in the short term, or it will run strongly.
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