According to the bulk list data of business cooperatives, as of November 25, the average price quoted by 85% domestic industrial formic acid enterprises was 3033.33 yuan/ton, which was flat compared with the price on Monday.

The domestic industrial grade 85% formic acid market price was stable this week. Recently, the price of raw material sulfuric acid has fallen, the price of raw material methanol has risen slightly, and the cost impact is limited. The downstream of the main domestic force just needs to follow up steadily, the export order is fair, the market transaction is orderly, and the focus of formic acid negotiation is stable.

Upstream product: upstream sulfuric acid. On November 25, the reference price of sulfuric acid was 321.67, a decrease of 22.3% compared with November 1 (414.00); On November 25, the reference price of upstream methanol was 2811.67, which was 0.86% lower than that on November 1 (2836.00).

The formic acid analysts of the business community believe that the current cost support is average, while the supply and demand support the market. The domestic industrial grade 85% formic acid market may operate at a high level in a short time. More attention should be paid to the market news guidance.