1、 Price trend

On March 13, the weekly average price of domestic industrial purified water formic acid was 1950 yuan / ton. As of March 13, the weekly average price of domestic industrial barreled formic acid was 2566 yuan / ton. Some formic acid manufacturers are in short supply. At present, they do not offer to the outside world. Most of the traders’ quotations are mainly up, while a small part is down.

2、 Market analysis

Products: this week, the domestic industrial water purification 85% formic acid market overall shows a relatively stable trend. Formic acid manufacturers maintain the original price supply and marketing, and raise the price partly due to the shortage of inventory, but do not offer to the outside world; traders have different price rises and falls, but the overall price tends to rise.

In terms of devices: most of the merchants have abundant supply of goods, which can be shipped normally without any impact on transportation; as of Friday (March 13), In terms of industrial water purification: Jinzhou jinhongda Chemical Co., Ltd. offers 2100 / T; Zibo Pulis Chemical Co., Ltd. does not offer external price temporarily in case of inventory shortage; in terms of industrial barrel: Jintan local supply and Marketing Co., Ltd. offers 2600 / T; Jinan senhong new Co., Ltd. 2500 / T; in terms of industrial water purification, Jinan huijinchuan Co., Ltd. offers 2600 / T and 3200 / T. Industry chain: upstream products of formic acid, liquid ammonia market is on the rise, sulfuric acid is temporarily stable, methanol market is slightly lower. Slow recovery of downstream products.

According to the formic acid data division of the future forecast business agency, the domestic industrial grade 85% formic acid market is on the rise as a whole, and some manufacturers are in short supply, so customers need to plan ahead in the near future.