Formic acid market stable operation this week (11.9-11.13)

1、 Price trend of formic acid



(Figure: P value curve of formic acid products)


2、 Market analysis


The domestic industrial grade 85% formic acid market is stable this week. According to the data of the business club, as of November 13, the average price quoted by formic acid enterprises was 2200 yuan / ton, which was flat compared with the beginning of the week, and increased by 6.45% compared with October 13. In recent years, the downstream potassium formate and calcium formate industries started relatively stable, while the leather industry started in general, while the pharmaceutical industry mainly purchased on demand. The overall demand remained stable and the market was stable.


For upstream caustic soda, according to the monitoring data of the business agency, as of November 13, the average price quoted by enterprises was 490 yuan / ton, which was 1.01% lower than that on November 1. 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 November 13 was 2966.67 yuan / ton , down 7.77% from November 1 Upstream sulfuric acid, the recent (11.01-11.13) Shandong sulfuric acid market rose, upstream sulfur market rose slightly, cost support is good, but the downstream purchasing enthusiasm is general, sulfuric acid supply is normal, the future market sulfuric acid factory price fluctuates slightly; upstream methanol, according to business and social monitoring data, as of November 13, the average price quoted by enterprises was 2110 yuan / ton, compared with November 1 It was up 12.08%.


According to the price monitoring of the business agency, in the 45 th week (11.9-11.13) of 2020, there were 42 kinds of commodities in the chemical industry sector which rose month on month, of which 18 commodities increased by more than 5%, accounting for 19.6% of the total commodities monitored in the plate; the top three commodities were propylene glycol (15.52%), bisphenol A (14.46%) and styrene (13.15%). There were 16 kinds of commodities with a decrease of more than 5%, accounting for 3.3% of the total number of commodities monitored in this sector; the top three products were TDI (- 10.00%), sodium bicarbonate (- 7.89%) and dichloromethane (- 6.25%). This week, the average rise and fall was 1.79%.


3、 Future forecast


Formic acid analysts from the business community believe that in the near future, raw material prices have been rising and falling, downstream demand has been basically stable, and the market is in a strong wait-and-see mood. It is expected that the formic acid market will be stable in the short term, and more attention should be paid to market news guidance.

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