1、 Price trend of formic acid

(Figure: P value curve of formic acid products)

2、 Market analysis

On October 27, the domestic industrial grade 85% formic acid market had a steady rise. According to the data of the business club, the average price quoted by formic acid enterprises as of October 27 was 2200 yuan / ton, up 6.45% compared with last Tuesday (October 20), and 24.53% higher on a three-month cycle. At present, the downstream potassium formate and calcium formate industries have a steady demand for formic acid, the pharmaceutical industry orders have remained stable as a whole, and the leather and pesticide industries have gradually started to steadily improve. The formic acid market is still trading well, and the market is mainly stable, and the prices of some enterprises have increased.

According to the data monitoring of the business agency, the price of formic acid of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise price specification date

Zhangzhou San’an Chemical Co., Ltd. 2200 yuan / T, use level: industrial grade; content: ≥ 85.0%; grade: excellent product: 2020-10-27

Zibo pulisi Chemical Co., Ltd. 2200 yuan / T, use level: industrial grade; content: ≥ 85.0%; grade: excellent product: October 27, 2020

Jintan local industrial supply and Marketing Co., Ltd. 2400 yuan / ton, use level: industrial grade; content: ≥ 85.0%; grade: excellent product: October 27, 2020

For the upstream caustic soda, on October 26, the price of caustic soda in Shandong was relatively strong. The mainstream ex factory price of 32% caustic soda was 450-530 yuan / ton. October is the traditional peak season, and the demand side of caustic soda has certain support. At the same time, October is also the maintenance peak period, so the supply side may tighten. It is estimated that the short-term caustic soda price may be stronger; the upstream liquid ammonia market will rise slightly in the near future (10.01-10.27); the upstream sulfuric acid market will rise slightly in Shandong Province in the near future (10.01-10.27), and the upstream sulfur market will rise slightly in the near future with good cost support, but the downstream purchasing enthusiasm is general, the sulfuric acid supply is normal, and the factory price of sulfuric acid in the future market will fluctuate slightly As of October 26, the average price quoted by enterprises was 1917.50 yuan / ton, up 6.82% compared with October 1.

According to the price monitoring of business agency, on October 26, 2020, there were 26 kinds of commodities in the list of commodity price rise and fall, including 3 commodities with an increase of more than 5%, accounting for 3.3% of the total number of commodities monitored in this plate; the top three commodities with increase were DMF (20.16%), butadiene (12.52%), 1,4-butanediol (7.48%). There were 13 kinds of commodities falling on a month on month basis. The top three products were propylene oxide (- 2.99%), propylene (- 2.45%) and isopropanol (- 2.05%). The average rise or fall was 0.6%.

3、 Future forecast

According to formic acid analysts of the business community, the raw material prices are stable and strong in the near future, and the cost support has been enhanced, and the follow-up of new downstream orders is acceptable. It is expected that the industrial grade formic acid market will be stable and better in the short term, and more attention should be paid to the market news guidance.