1、 Price trend of formic acid
(Figure: P value curve of formic acid products)
2、 Market analysis
Recently, the domestic industrial grade 85% formic acid market has risen. According to the data of the business club, the average price quoted by formic acid enterprises as of December 16 was 2300 yuan / ton, up 2.99% compared with last Wednesday (December 9), and increased by 11.29% on a three-month cycle. In the near future, the price of raw materials has risen steadily, and the cost side has certain support. Affected by the factors of supply reduction, the price of formic acid has increased.
According to the business agency data monitoring: recent summary of some enterprises formic acid prices. The ex factory quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2400 yuan / ton, that of Jintan local industrial supply and Marketing Co., Ltd. is 2600 yuan / ton, that of Shandong tashuo Chemical Co., Ltd. is 2400 yuan / ton, and that of Jinan jinrihe Chemical Industry Co., Ltd. is 2300 yuan / ton, Henan bafoss chemical products Co., Ltd. (Shandong Luxi) industrial grade 85% formic acid quoted 3200 yuan / ton, (Yangzi BASF) industrial grade 85% formic acid quoted 4400 yuan / ton, (domestic) industrial grade 94% formic acid quoted 6400 yuan / ton, the quotation is for reference only, the merchant spot price is subject to the market, the actual transaction price is mainly negotiated.
For the upstream caustic soda, on December 15, the price of caustic soda in Shandong was temporarily stable, and the mainstream ex factory price of 32% caustic soda was 400-530 yuan / T. the downstream purchasing demand was general, and there was a certain conflict with the current caustic soda price. It is expected that the follow-up or narrow range of caustic soda consolidation will be weak. The domestic liquid ammonia Market in the upstream region rose mildly last week (12.7-12.11), and there were differences in Hebei and Shandong from the beginning of the week to the middle of the week According to the monitoring of the business agency, the increase was 0.52% in Shandong, and the mainstream market quotation was 3000-3200 yuan / T; for the upstream sulfuric acid, on December 15, the sulfuric acid Market in Shandong was temporarily stable, while the sulfur market in the upstream was rising slightly, with good cost support, but the downstream purchasing enthusiasm was the same, the supply of sulfuric acid was normal, and the factory price of sulfuric acid in the future market fluctuated slightly; the upstream methanol, according to the monitoring of the business agency, was stable Data show that as of December 15, the average price quoted by enterprises was 2210 yuan / ton, up 5.49% compared with the beginning of the month.
According to the price monitoring of the business agency, on December 15, 2020, there were 16 kinds of commodities in the chemical industry sector, among which one commodity increased by more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities were nitric acid (8.77%), R134a (4.17%) and crude benzene (3.15%). There were 21 kinds of commodities falling on a month on month basis. The top three products were acetone (- 3.46%), phthalic anhydride (- 2.85%) and styrene (- 2.49%). The average rise and fall was – 0.01%.
3、 Future forecast
Formic acid analysts of the business community believe that in the near future, the supply of market supply has decreased, and the demand for formic acid in the downstream industry is fair. Affected by the relationship between supply and demand, it is expected that the formic acid market will be mainly stable in the short term, and more attention should be paid to market news guidance.
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