SunSirs: Supply Was Tight, and Formic Acid Prices Rose
August 05 2025 15:28:24 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of formic acid has been on the rise recently. As of August 4, the SunSirs’ benchmark price of domestic 85% industrial-grade formic acid was 3,100 RMB/ton, up 29.17% from the previous month and up 13.76% from the same period last year.
Analysis review
Both supply and demand were driving price increases
On the supply side: Manufacturers' continued control over production volumes has led to a tightening supply, resulting in a current market shortage.
Demand: Export demand was increasing, and the market was temporarily in an export cycle, leading to tight inventory.
Methanol prices fluctuated on the raw material side
The domestic methanol market was showing signs of recovery. Northwest olefin plants were increasing their external purchases. In addition, some units were still under maintenance and corporate inventories were low, which had a positive impact. Upstream companies were holding prices to ship goods, and downstream companies were passively following suit.
Future outlook:
SunSirs’ formic acid data analysts believe that the formic acid market was temporarily in short supply, but there was still upward momentum. It is expected that the price of formic acid will continue to rise, but specific changes in market conditions still need to be monitored.
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- 2025-07-22 SunSirs: Supply Contraction Buffering Demand Pressure, Formic Acid Operated Steadily
- 2025-07-15 SunSirs: Low Demand, the Formic Acid Market Was Weak and Stable
- 2025-07-08 SunSirs: Multiple Bearish Factors, Formic Acid Prices Remained Weak and Stable
- 2025-07-02 SunSirs: The Demand for Formic Acid was Weak, and the Price Fluctuated Weakly
- 2025-06-24 SunSirs: Formic Acid Has Strong Cost Support, and Its Price May Remain Strong
