According to the bulk list data of the Business News Agency, as of February 16, the average price of domestic industrial 85% formic acid enterprises was 3383.33 yuan/ton, 1.50% higher than that of February 9.

Recently, the domestic industrial grade 85% formic acid market has been operating steadily. Recently, the price of raw material sulfuric acid has risen steadily, the price of raw material methanol has fluctuated, and the cost support still exists. In addition, after the Spring Festival, the mainstream enterprises have shut down their devices, and the supply side has decreased. The operators have a good attitude, which supports the steady rise of the formic acid market. Downstream procurement is based on demand, and the enterprises implement orders.

Upstream products: upstream sulfuric acid, the domestic sulfuric acid market price was temporarily stable on February 15, and the reference price of sulfuric acid was 235.00 on February 15, up 1.44% from February 1 (231.67); For upstream methanol, the reference price of methanol was 2695.71 on February 15, down 0.58% from February 9 (2711.43).

According to the formic acid analysts of the Business Society, there is some support in the cost aspect at present. The market is mainly to digest the inventory, and the transaction is based on demand. In a short time, the domestic industrial grade 85% formic acid market may digest the increase, and more attention should be paid to the market news guidance.