According to the bulk list data of business society, as of June 14, the average quotation price of formic acid enterprises was 4700.00 yuan / ton, down 1.40% from last Tuesday (June 7), 21.67% from May 14, and 4.73% year-on-year in a three-month cycle.

Recently, the market price of 85% industrial formic acid in China is mainly stable, and the high-end price of some enterprises has been lowered. In the recent period, the price of upstream products has been mainly adjusted, the price of main raw material methanol has risen, the cost support is acceptable, the downstream procurement is mainly for rigid demand, the market transactions are orderly, and the price is mainly stable.

In terms of cost: upstream caustic soda, the price of caustic soda shall be adjusted and operated, downstream shall be purchased on demand, and it is comprehensively estimated that it will be mainly adjusted in the later stage; For upstream liquid ammonia, on the 14th, the market of liquid ammonia in Shandong remained weak, and some market prices were still lower. Today, the prices of large factories were partially stable, and some were still lowered, within 100 yuan; Upstream sulfuric acid, the domestic sulfuric acid market was temporarily stable on June 14; The monitoring data of upstream methanol showed that on June 14, the reference price of methanol was 2690.00, an increase of 2.77% compared with June 1 (2617.50).

According to the formic acid analysts of business club, at present, the main raw material methanol is mainly in strong operation, with a slight support from the cost side. The market transaction continues to be just in demand, and the market atmosphere is acceptable. It is expected that in the short term, the domestic industrial grade 85% formic acid market may operate steadily.