According to the bulk list data of business society, as of December 10, the average quotation price of formic acid enterprises was 4200 yuan / ton, an increase of 1.61% compared with Monday’s price, a decrease of 44.00% compared with November 10, and a year-on-year decrease of 30.39% in a three-month cycle.

The market price of domestic industrial grade 85% formic acid rose this week. Recently, the price of raw materials caustic soda and liquid ammonia has stabilized, the price of sulfuric acid has increased, the price of methanol has decreased, the cost support is general, the price in the early stage has fallen sharply, the enthusiasm of downstream procurement has increased, and the price has rebounded slightly.

In terms of cost, the reference price of upstream caustic soda was 785.00 on December 9, a decrease of 6.82% compared with December 1 (842.50); For the upstream liquid ammonia, the market of Shandong liquid ammonia stabilized on December 10, and the price changed little near the weekend. Most manufacturers’ quotations maintained yesterday’s price level. The manufacturers had a strong price mentality, and the dealers’ offers were mainly based on the market; Upstream sulfuric acid, the domestic sulfuric acid market rose on December 10; For upstream methanol, on December 9, the reference price of methanol was 2637.50, a decrease of 4.78% compared with December 1 (2770.00).

Formic acid analysts of business society believe that at present, the cost support is relatively limited, the market atmosphere has improved, and the supply and demand support is OK. It is expected that the formic acid market may operate stably and strongly in the short term.