According to the bulk list data of business society, as of January 14, the average quotation price of formic acid enterprises was 4500.00 yuan / ton, an increase of 4.65% compared with Monday’s price, 7.14% compared with December 14, and a year-on-year decrease of 44.10% in a three-month cycle.

This week, the market price of domestic industrial grade 85% formic acid rose steadily. Recently, the prices of raw materials caustic soda and sulfuric acid have increased slightly, the price of liquid ammonia has stabilized, the price of methanol is low, the cost side has a certain support, the supply of goods is tight, the downstream goods are prepared orderly, and the focus of market negotiation is higher.

In terms of cost: upstream caustic soda, on January 13, the operation of caustic soda was large, stable and small. The mainstream price of 32 caustic soda purchased by Shandong’s main alumina was about 900-950 yuan / ton; The upstream liquid ammonia Market stabilized in Shandong on January 14. The reference price of liquid ammonia on January 13 was 4460.00, an increase of 1.13% compared with January 1 (4410.00); Upstream sulfuric acid, the domestic sulfuric acid market rose on January 14; For upstream methanol, on January 13, the reference price of methanol was 2402.50, an increase of 1.16% compared with January 1 (2375.00).

Formic acid analysts of business society believe that at present, the impact of cost on the market is limited, and there is a certain support for supply and demand in the market. It is expected that the formic acid market may operate at a high level in the short term, and more attention should be paid to cost changes.