According to the Commodity Market Analysis System of Shengyi Society, 85% of industrial formic acid prices in China have been running steadily. As of April 14th, the average price of formic acid was 3400 yuan/ton, with no change from the beginning of the month.

This week, the overall market price of industrial grade 85% formic acid in China remained stable, with the mainstream price around 3400 yuan/ton. The raw material sulfuric acid market is mostly on the sidelines, with some regions experiencing slight price fluctuations. Under the influence of crude oil and policies, the raw material methanol fell sharply at the beginning of the month. After falling to a low level, many downstream and trading companies restocked at the low price. In addition, some major production areas experienced equipment failures and reduced production, supporting the low rebound of the domestic methanol market. The methanol market is fluctuating and running.
The formic acid analyst from Shengyi Society believes that the current cost impact of formic acid is not significant, and downstream industries such as pharmaceuticals, rubber, leather, and pesticides are following up on demand when entering the market. The market atmosphere is still good, and it is expected that the domestic industrial grade 85% formic acid market will remain stable in the short term. Specific changes in market supply and demand still need to be monitored.