According to the data of business agency: on June 15, the weekly average price of domestic industrial grade formic acid was 1883.33 yuan / ton. As of June 19, the weekly average price of domestic industrial grade formic acid was 1850.00 yuan / ton, a decrease of 7.5%. This week, the weak formic acid market mainly fell.

2、 Market analysis

This week, the domestic industrial grade 85% formic acid market as a whole showed a weak trend of maintaining stability. Due to the restrictions of foreign trade export, the prices of some manufacturers were slightly reduced. At present, the market has sufficient supply of goods, and the equipment delivery is normal. Price: this week, the price of industrial barreled water is generally around 2180 yuan / ton, and the factory price of main industrial purified water of formic acid is around 1850 yuan / ton. As of Friday (June 19), Jinzhou jinhongda Chemical Co., Ltd. has quoted 1750 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1500 yuan / ton; Zhangzhou Sanan Chemical Co., Ltd. 1400 yuan / ton; Luxi Chemical Co., Ltd. 1700 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid industrial barrel price 2300 yuan / ton.

The mainstream of the liquid ammonia Market of the upstream product of formic acid is stable, moderate and narrow range adjustment, and the quotation of some manufacturers is increased, so the market demand is acceptable. The domestic caustic soda market fluctuates in a narrow range, and the downstream is mostly purchased on demand. It is expected that the market will fluctuate in a narrow range in the later period. The upstream products generally support the formic acid market, while the demand for leather and pesticide industry of the downstream products does not increase significantly.

3、 Future forecast

According to the formic acid data division of business association, the domestic industrial grade 85% formic acid market as a whole shows a weak trend of maintaining stability. At present, the market supply is fair, the downstream demand does not increase significantly, and the formic acid market is not good enough. It is expected that the domestic industrial grade 85% formic acid market will remain stable and decline in the short term.