Price trend
According to the commodity market analysis system of SunSirs, the formic acid market has been operating stably recently. As of October 20, the domestic 85% industrial-grade formic acid benchmark price was 2,800 RMB/ton, unchanged from last week (October 13), down 9.68% month-on-month and up 0.9% year-on-year.
Analysis review
On the supply side, domestic production facilities were temporarily operating at high capacity, with leading companies adopting a low inventory strategy. Other companies, driven by pressure to source raw materials from external suppliers, faced significant inventory pressure, with overall industry inventory levels remaining at 60-70%. Upstream methanol prices, impacted by high coal prices and rising natural gas costs, had limited downward pressure, providing some cost support for formic acid.
From the demand side: the overall demand for formic acid downstream was weak, most purchases were made on demand, middlemen were taking a wait-and-see attitude, the market trading atmosphere was light, and shipments continued to be low.
Market news indicates that a large formic acid producer in Liaocheng may begin equipment maintenance soon, but this plan has not yet been officially confirmed. If the maintenance proceeded as scheduled and was large-scale and prolonged, it could lead to tighter supply in some areas, supporting market sentiment and prices. Historical data shows that the market briefly rallied in early September due to the anticipated maintenance, but the subsequent failure to proceed as planned led to a price drop of 120 RMB/ton. Therefore, the progress of this maintenance will have a significant impact on formic acid price trends.
Market outlook
SunSirs' formic acid data analysts believe that formic acid is expected to maintain its market conditions in the short term, and specific attention needs to be paid to whether the maintenance plans of large factories can be implemented.
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com
- 2025-10-15 SunSirs : 포름산 가격은 휴일 이후 하락하고 안정화되었습니다.
- 2025-10-11 SunSirs: 포름산 가격 센터가 아래로 이동하여 통합 기간에 들어갔습니다.
- 2025-09-25 SunSirs: 공급이 빡빡하고 기대가 떨어졌고 포름산은 약하게 변동했습니다.
- 2025-09-16 SunSirs : 양식산에 대한 수요는 약했으며 가격은 공급과 수요사이의 전쟁에 수수입되었습니다.
- 2025-09-11 SunSirs: 포름산에 대한 하류 수요는 약했고 가격이 변동했습니다.
