Trade name: formic acid

Latest price (November 2): 8066.67 yuan / ton

On November 1, the formic acid commodity index was 444.04, an increase of 0.92 points over yesterday, a record high in the cycle, and an increase of 266.67% over the lowest point of 121.10 on December 7, 2020. (Note: the period refers to the period from September 1, 2020 to now)

On November 2, the market price of formic acid was stable, flat compared with the previous trading day, increased by 0.62% compared with the price on October 2, and increased by 160.22% year-on-year in a three-month cycle. At present, the cost side is generally supported, the downstream is mainly based on on-demand procurement, the market trading is orderly, the limited films sound, the output is low, and the supply side supports the high-level operation of the market.

It is expected that in the short term, the formic acid market may be high and stable.