According to the data of business agency: on May 18, the weekly average price of domestic industrial grade formic acid was 2066.67 yuan / ton. As of May 22, the weekly average price of domestic industrial grade formic acid was 2016.67 yuan / ton, a decrease of 5.47%. This week, the formic acid market was mainly weak and stable.

2、 Market analysis

Products: this week, the domestic industrial grade 85% formic acid market as a whole showed a weak trend of maintaining stability, with restrictions on foreign trade and import, and prices of some manufacturers slightly reduced. At present, the market has sufficient supply of goods, and the devices are shipped normally. Price: this week, the price of industrial barreled water is generally around 2040 yuan / ton, and the factory price of main industrial purified water of formic acid is about 1775 yuan / ton. As of Friday (May 22), Jinzhou jinhongda Chemical Co., Ltd. has quoted 2000 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1750 yuan / ton; Zhangzhou Sanan Chemical Co., Ltd. 1600 yuan / ton; Luxi Chemical Co., Ltd. 1750 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid industrial barrel price 2300 yuan / ton.

Industrial chain: the mainstream of liquid ammonia Market of formic acid upstream products is stable, moderate and narrow adjustment, local prices are up and down, and the market demand of liquid ammonia market 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.