1、 Price trend of formic acid

(Figure: P value curve of formic acid products)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market has shown an upward trend. As of December 8, the average price quoted by formic acid enterprises was 2233.33 yuan / ton, up 1.51% compared with the beginning of the month, and increased by 15.79% on a three-month cycle. At present, the quotations of production enterprises are rising steadily. The purchasing in the downstream market is mainly required. The market trading atmosphere is fair. The dealers are operating in the market, and the prices of some enterprises are raised.

According to the business agency data monitoring: some enterprises formic acid prices summary. The ex factory quotation of industrial grade 85% formic acid of Zibo pulisi Chemical Co., Ltd. is 2300 yuan / ton, that of Zhangzhou San’an Chemical Co., Ltd. is 2200 yuan / ton, that of Jintan local industrial supply and Marketing Co., Ltd. is 2600 yuan / ton, and that of Henan bafosi chemical products Co., Ltd. (Shandong Luxi) is 3000 yuan / ton The quotation of industrial grade 85% formic acid is 4400 yuan / ton, and that of domestic 94% industrial grade formic acid is 6400 yuan / ton. The quotation is for reference only. The spot price of merchants is subject to the market. The actual transaction price is mainly negotiated.

For the upstream caustic soda, on December 7, the price of caustic soda in Shandong was temporarily stable, and the mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton. The downstream purchasing demand was general, and there was a certain conflict with the current caustic soda price. It is expected that the follow-up or narrow range of caustic soda sorting would be weak. According to the monitoring data of the business agency, the average price quoted by enterprises as of December 7 was 3200 yuan / ton, up 1.05% compared with the beginning of the month; The upstream sulfuric acid market was temporarily stable on December 7 in Shandong, up 4.17% compared with the price at the beginning of the month. The upstream sulfur market has risen slightly recently with good cost support, but the downstream purchasing enthusiasm is general, the supply of sulfuric acid is normal, and the factory price of sulfuric acid in the future market fluctuates slightly. According to the monitoring data of the business agency, as of December 7, the average price quoted by enterprises was 2107.50 yuan / ton, It was up 0.6% from the beginning of the month.

According to the price monitoring of business agency, on December 7, 2020, there were 23 kinds of commodities in the list of commodity price rise and fall on December 7, 2020, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities of increase were acetic acid (5.96%), butanone (3.83%) and pure benzene (3.66%). There were 10 kinds of commodities that declined on a month on month basis, with epichlorohydrin (- 3.14%), polymerized MDI (- 3.03%) and chloroform (- 2.63%). The average rise and fall was 0.31%.

3、 Future forecast

Formic acid analysts of the business community believe that in the near future, the raw material prices are stable and relatively strong, the cost support is strengthened, and the market trading atmosphere is fair. It is expected that in the short term, the formic acid market will be mainly stable and strong, and more attention should be paid to market news guidance.