SunSirs: Some Manufacturers have Lowered the Factory Price of Formic Acid
August 24 2023 10:35:29Latest price of formic acid (August 23): 3825.00 RMB/ton, stable in the market
Key points of analysis: On August 23, the domestic industrial grade 85% formic acid market was mainly stable, with some enterprise prices decreasing by 1.29% compared to the previous trading day. Recently, the price of raw material sulfuric acid has steadily risen, the market for raw material methanol has risen, and cost support has increased. Some enterprises have lowered prices to ship due to inventory pressure, while downstream industries such as pharmaceuticals, rubber, leather, and pesticides have followed up on demand. The market atmosphere is mild, and holders ship according to the market, with the price focus temporarily on stability.
Future forecast: It is expected that the domestic industrial grade 85% formic acid market will remain stable in the short term, and more attention needs to be paid to market news guidance.
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- 2025-12-09 SunSirs: With Supply Contracting and Inventory Levels Providing Support, Formic Acid Prices Were Stable
- 2025-12-08 SunSirs: Supply and Demand Were Stable, and Formic Acid Prices Were Operating Steadily
- 2025-11-27 SunSirs: Formic Acid Entered a Consolidation Phase After a Period of Price Increase
- 2025-11-20 SunSirs: Formic Acid Prices Rose as Maintenance Plans Were Scheduled in Both Production Areas
- 2025-11-12 SunSirs: With Ample Supply and Stable Demand, Formic Acid Prices Remained Stable
