1、 Price trend
According to the data of business agency: on February 19, the weekly average price of domestic industrial purified water formic acid was 1950 yuan / ton. As of February 21, the weekly average price of domestic industrial barreled formic acid was 2100 yuan / ton, without any increase. This week, the formic acid market was relatively stable.
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2、 Market analysis
Product: this week, the domestic industrial purified water grade 85% formic acid market overall showed a relatively stable trend. Due to the impact of the epidemic situation, many manufacturers are not in operation, and the current price has no change compared with the same period last year. In terms of equipment: the start-up manufacturer is basically working at home and will not deliver the goods after receiving the order. In terms of price: this week, the factory’s quotation is basically maintained around 1950 yuan / ton. At present, there is no quotation from mainstream dealers. Although some enterprises have started construction, transportation is still a big problem. As of Friday (February 21), industrial water purification: Jinzhou jinhongda Chemical Co., Ltd. offers 2100 / T; Zibo Pulis Chemical Co., Ltd. offers 1800 yuan / T; industrial barrel: Jintan local supply and Marketing Co., Ltd. offers 2300 / T; Jinan senhong new Co., Ltd. 1900 / T.
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Industrial chain: due to the impact of the epidemic situation, the liquid ammonia market has no increase. The downstream is mainly based on the construction conditions. The upstream products generally support the formic acid market, while the leather and pesticide industries of the downstream products have no obvious demand for the moment, and there is not much trading.
3、 Future forecast
According to the formic acid data division of the business association, the domestic industrial grade 85% formic acid market as a whole maintains a relatively stable trend, and enterprises generally remain stable.
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