According to the Commodity Market Analysis System of the Business Society, as of June 26th, the average price quoted by domestic industrial grade 85% formic acid enterprises was 3875.00 yuan/ton, which is unchanged compared to last Monday (June 19th).

Recently (6.19-6.26), the domestic industrial grade 85% formic acid market has been operating steadily, with a price center maintained at around 3900 yuan/ton. Recently, the price of raw material sulfuric acid has been stable, and the market for raw material methanol has fluctuated narrowly. The cost support has been stable, and downstream buying is just needed to continue. The quotes from commodity holders are stable.

Upstream product: Upstream sulfuric acid. According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price temporarily stabilized on June 25th. On June 23rd, the reference price for sulfuric acid was 196.00, an increase of 7.69% compared to June 1st (182.00); Upstream methanol, according to the Commodity Market Analysis System of Business Society, the reference price for methanol on June 23 was 2091.67, a decrease of 3.24% compared to June 1 (2161.67).

Business Society formic acid analysts believe that the overall market atmosphere is still good, with transactions mainly based on demand. It is expected that the domestic industrial grade 85% formic acid market will remain stable in the short term, and more attention needs to be paid to market news guidance.