1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market is stable. According to the data of the business club’s block list, as of January 12, the average quotation price of formic acid enterprises was 2650 yuan / ton, which was flat compared with last Tuesday (January 5), and increased by 18.66% compared with December 12.

Recently, the domestic industrial grade formic acid market has gradually stabilized after a substantial improvement in the previous period. There is no obvious fluctuation in the market as a whole. The prices of manufacturers and dealers generally maintain the high quotation in the early stage, and the market trading performance is stable. According to the data monitoring of the business association, the price of formic acid of some enterprises is summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton, and that of Jintan local industrial supply and Marketing Co., Ltd. is 2800 yuan / ton. The spot price of merchants follows the market, and the actual transaction price is mainly through negotiation.

For upstream caustic soda, on January 12, the price of caustic soda in Shandong Province was temporarily stable. The mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton, and the downstream purchase demand was general. There was a certain conflict with the current price of caustic soda, and it was expected that the follow-up or narrow range of caustic soda would be weak. For upstream liquid ammonia, according to the monitoring data of the business community, the average price quoted by enterprises was 3266.67 yuan / ton as of January 11, down 0.71% compared with the beginning of the month; According to the monitoring data of the business community, as of January 11, the average price quoted by the enterprises was 317.50 yuan / ton, down 26.59% compared with the beginning of the month. The domestic methanol market of the upstream methanol market has rebounded in a narrow range recently. According to the monitoring data of the business community, as of January 12, the average price of methanol producers in Shandong was 2327 yuan / ton, up 0.76% after the new year.

According to the price monitoring of the business community, on January 11, 2021, in the list of commodity prices, there were 18 kinds of commodities in the chemical industry sector that rose month on month, of which 2 kinds of commodities increased by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities were dichloromethane (6.06%), paraformaldehyde (5.00%) and lithium carbonate (2.13%). There were 18 kinds of commodities with a month on month decrease, and 3 kinds of commodities with a decrease of more than 5%, accounting for 3.3% of the number of commodities monitored in this sector; the top 3 products with a decrease were hydrochloric acid (- 34.82%), sulfuric acid (- 26.16%), and n-butanol (industrial grade) (- 7.92%).

3、 Future forecast

Business community formic acid analysts believe that in the near future, the price of raw materials is stable and weak, and the cost boost is limited. Downstream purchasing is mainly on demand. It is expected that the formic acid market will be stable in the short term, and more attention should be paid to market information guidance.