According to the data of the bulk list of business agencies, the average price of formic acid enterprises as of June 22 was 2766.67 yuan / ton, which was the same as that of the previous trading day, the same as the price at the beginning of the month, down 0.60% compared with May 22.

Since June, the formic acid market has been operating at a high level. On the 22nd, the market trend remained stable. At present, the trend of raw materials is relatively strong, which forms a good cost support for the market. Downstream procurement is mainly on demand, the enterprise is stable in delivery and the market investment is orderly.

According to the data monitoring of business agency, the recent price of formic acid in some enterprises is summarized (for reference only, the spot price of the merchants will be on the market with different brands, specifications and actual transaction price of products mainly through negotiation.)

The upstream caustic soda, as of June 21, the price of caustic soda in Shandong Province was centralized and operated. At present, the main factory price of 32% of alkali was 490-590 yuan / ton, and the downstream demand was still available, but the overall supply of caustic soda was sufficient, and it is predicted that the following narrow consolidation operation is mainly expected; The upstream liquid ammonia market atmosphere was still good on June 22, and the liquid ammonia Market in Shandong continued to maintain stability; The upstream sulfuric acid, on June 21, the sulfuric acid Market in Shandong Province rose, the upstream sulfur market recently increased slightly, some sulfuric acid manufacturers were not enough to start, the load decreased, the downstream bromine market gradually increased, and the downstream procurement enthusiasm was good; Upstream methanol, June 22, Shandong Province methanol enterprises factory quotation up.

The formic acid analysts of business society believe that the current cost side is strong, downstream on demand procurement, and the market atmosphere is still acceptable. It is expected that the formic acid market will be in a strong operation in the short term, and more attention should be paid to the change of raw material price.