According to the Commodity Market Analysis System of Shengyi Society, as of July 15th, the average price quoted by domestic industrial grade 85% formic acid enterprises was 2687 yuan/ton, which was basically the same as Monday’s price.
In early July, the formic acid market was mainly stable, with some enterprises adjusting their prices. The mainstream quotation range for industrial grade 85% formic acid enterprises was between 2800-3200 yuan/ton. Recently, the market price of methanol, the main raw material, has fluctuated and risen narrowly. Some units are expected to undergo maintenance, and the low inventory of production enterprises has supported the improvement of the mainland market.
The formic acid analyst from Shengyi Society believes that the current market supply and demand performance is deadlocked, with production and sales balanced, and there are no favorable factors in the short term. It is expected that the formic acid market will fluctuate, and specific changes in supply and demand still need to be monitored.
| http://www.polyvinylalcohols.com |