According to the data of business agency, the average weekly quotation of formic acid in domestic industrial water purification this week is 1766.67 yuan / ton. The overall formic acid market is relatively stable this week, and the market price is not adjusted much.
| poly gamma glutamic acid |
2、 Market analysis
This week, the overall domestic industrial grade 85% formic acid market showed a relatively stable trend, the price was lower than the previous period, and the price was low compared with the same period last year. In terms of equipment: the manufacturers and distributors operate normally and the shipment is acceptable. This week, the supply of formic acid market is fair, and the enterprises have inventory. In terms of price: this week, the quoted price of enterprises basically remained at 1766.67 yuan / ton, the mainstream ex factory price of formic acid for industrial water purification was about 1350-1700 yuan / ton, and the quotation of mainstream distributors was at 2750 yuan / ton. As of Friday (July 24), Zibo Pulis Chemical Co., Ltd. quoted 1350 yuan / ton; Zhangzhou San’an Chemical Co., Ltd. offered 1700 yuan / ton; Hangzhou Fengchang Trading Co., Ltd. offered 2300 yuan / ton of 85% formic acid in barrels; Jintan local supply and Marketing Co., Ltd. offered 1950 yuan / T; Jinan senhong New Trade Co., Ltd. offered 2700 yuan / T.
| Poly glutamic acid |
The domestic liquid ammonia Market of formic acid upstream products was mainly stable, some manufacturers were down regulated, the urea market was down, the overall situation of methanol was slightly down, and the domestic caustic soda market was down slightly, and the overall trend was stable. The upstream products generally support the formic acid market, while the downstream products such as leather and pesticide industries are relatively stable, and the sales situation is general. This week, there is a small decline in formic acid products.
3、 Future forecast
According to the formic acid data analyst of the business agency, the overall price of 85% industrial grade formic acid in China is relatively stable, and the current price is slightly adjusted compared with the same period last year. Recently, the inventory of dealers is fair, the upstream and downstream demand is relatively cold, and the enterprise’s shipment is not much. It is expected that the domestic industrial grade 85% formic acid market will be mainly consolidated in the short term.
| Polyglutamic acid |