1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

In March, formic acid market fluctuated and went up. According to the data of the business club’s block list, as of March 31, the average quotation price of formic acid enterprises was 2866.67 yuan / ton, up 10.26% compared with March 1, up 8.18% year-on-year in a three-month cycle, and up 21.99% compared with the same period last year.

In early March, formic acid market was stable and rose, and the orders and shipment of enterprises were acceptable. In the middle of this year, due to the price reduction of upstream raw materials, the support for formic acid cost was weakened, and the market price fell. In the last ten days, affected by the device failure of a manufacturer, the market supply was tight, and the market price rose.

According to the data monitoring of the business community, the price of formic acid of enterprises at the end of March was summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. was 3200 yuan / ton; the quotation of industrial grade 85% formic acid of Shandong tamasuk Chemical Co., Ltd. was 3100 yuan / ton; the quotation of industrial grade 85% formic acid of Jinan jinrihe Chemical Co., Ltd. was 3000 yuan / ton; and the quotation of industrial grade 85% formic acid of Hongmao Materials Co., Ltd. of Liaocheng transportation group was 3100 yuan / ton The quoted price is 3000 yuan / ton, and the quoted price of 85% formic acid of Jintan local industrial supply and Marketing Co., Ltd. is 3150 yuan / ton. The spot price of the merchants follows the market, and the actual transaction price is mainly through negotiation.

For upstream caustic soda, the overall price of caustic soda in March was dominant. The average market price at the beginning of the month was about 457.5 yuan / ton, and the average market price at the end of the month was about 490 yuan / ton, with a price increase of 7.1%. For upstream liquid ammonia, the supply of liquid ammonia was tight in March, and the price increase was relatively strong in the second half of the month. According to the monitoring of business society, the monthly price increase of liquid ammonia was 17.16%; for upstream sulfuric acid, the price of sulfuric acid in March showed an upward trend, with a price increase of 10.6%; for upstream methanol On March 31, the reference price of methanol was 2377.50, up 3.59% compared with March 1 (2295.00).

3、 Future forecast

According to the formic acid analysts of business news agency, in terms of recent supply, the formic acid market is rising due to the device failure of a factory. In April, the price of raw materials is mainly stable, and the downstream leather, pesticide and other industries mainly purchase formic acid on demand. With the recovery of the device, the formic acid market may be weak, so more attention should be paid to the price trend of raw materials and market information guidance.