Price trend
According to the monitoring of the commodity market analysis system of Business Society, the industrial grade calcium formate market rose in April. As of April 30th, the average price of 98% industrial grade calcium formate in China was 3807.50 yuan/ton, an increase of 2.01% compared to the beginning of the month at 3732.50 yuan/ton, and an increase of 5.54% compared to March at 3607.50 yuan/ton.
quotations analysis
Cost side:
As of April 30th, the mainstream price of industrial grade 85% formic acid was 3287.50 yuan/ton, an increase of 137.5 yuan or 4.37% compared to early March. Compared to April 1st (with a reference price of 3300.00 yuan/ton for formic acid), the price has decreased by 0.38%.
From the monitoring chart of Business Society data, it can be seen that the formic acid market price remained stable and slightly weak in April. In the first ten days, the price of raw material methanol fluctuated and fell, while the price of raw material sulfuric acid remained roughly stable. The cost support was average, and downstream demand was mostly followed by rigid demand. Supply and demand support was relatively stable, and the center of gravity of formic acid prices remained stable. In the middle of the month, the price of raw material methanol rose, cost support increased, and the main factories maintained a stable trend. Orders were mainly shipped, and dealer quotations were mainly negotiated with the company. Market transactions continued to be in high demand. In the latter half of the year, the price of raw material methanol has slightly decreased, and cost support is slightly weak. Downstream industries are preparing goods at appropriate prices according to demand before festivals, and some companies are offering discounts and accepting orders. The company’s quotations have remained stable with little movement, and the market negotiation space has increased.
Demand side:
According to the commodity market analysis system of Business Society, the cement market in East China increased in April, with the price of No. 1 being 302.00 yuan/ton and No. 24 being 316.00 yuan/ton, an increase of 4.64%. The current price has dropped by 23.11% year-on-year.
From January to March, the national real estate development investment was 2208.2 billion yuan, a year-on-year decrease of 9.5% (calculated according to comparable standards); Among them, residential investment reached 1658.5 billion yuan, a decrease of 10.5%. From January to March, the construction area of real estate development enterprises was 678.51 million square meters, a year-on-year decrease of 11.1%. Among them, the residential construction area was 47.45.8 million square meters, a decrease of 11.7%. In recent years, real estate investment has shown a significant year-on-year decline, and infrastructure demand is difficult to hedge against the impact of the real estate downturn. The support for the cement market is weak.
Calcium formate can enhance the performance of cement, such as increasing hardness and shortening setting time, inhibiting corrosion of metal substrates, and preventing weathering. The increase in cement consumption in the construction industry has driven the market for calcium formate.
Overall
At present, the price of industrial grade calcium formate is relatively strong, and the cost support is still acceptable. It is expected that in the short term, the market situation of industrial grade calcium formate may remain stable, and more attention needs to be paid to changes in the supply side.
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