According to the bulk list data of business society, as of December 22, the average quotation price of formic acid enterprises was 4300.00 yuan / ton, an increase of 1.57% compared with the price on December 17, a decrease of 14.00% compared with the price on November 22, and a year-on-year decrease of 32.81% in a three-month cycle.

The market price of domestic industrial grade 85% formic acid rose this week. Recently, the price of raw material caustic soda has risen, the prices of liquid ammonia and sulfuric acid have been temporarily stable, the methanol market is lower, the cost support is small, the market supply is tight, the actual demand in the downstream is general, the procurement is based on demand, the market trading is orderly, and the price has risen steadily.

In terms of cost, the reference price of upstream caustic soda was 940.00 on December 21, an increase of 11.57% compared with December 1 (842.50); Upstream liquid ammonia, on the 22nd, the overall market of domestic liquid ammonia stabilized. The prices in the main production areas of Shandong, Hebei, southwest and two lakes did not change much, with a rise and fall range of 50 yuan; Upstream sulfuric acid, the domestic sulfuric acid market was temporarily stable on December 22; Upstream methanol, according to the monitoring data of business society, the average price of domestic methanol production enterprises was 2545 yuan / ton on December 22. In terms of spot goods, domestic shipments were poor in many places, and futures fell weakly. The focus of bidding in northern Shandong shifted significantly, and the market atmosphere was empty. Crude oil rebounded partially, power coal support was still weak, and there was downward space in many regions of methanol in the short term.

Formic acid analysts of business society believe that at present, the cost support is relatively limited, the supply side is tight to support the market, and the market atmosphere is OK. It is expected that the formic acid market may operate stably and strongly in the short term, so more attention should be paid to the guidance of market news.