Analysis of market dynamics of formic acid

Recent formic acid market sentiment fell.

The main raw material methanol market price rose, the cost side of the support to enhance. However, the demand side of the lack of favorable support, the downstream buying intention is not high, inquiries procurement just need-based, the market transaction is general, manufacturers have accumulated inventory, concessions to facilitate delivery, formic acid market negotiation center of gravity decline.

Downstream industrial grade calcium formate prices continue to go down, the current cost side of the support is not enough, the downstream on-demand procurement, industrial grade calcium formate market prices are weak finishing operation.

Summarize the forecast

The current market cost support is strong, but the demand side of the performance is flat, the market transaction just need, it is expected that in the short term the formic acid market or wait-and-see consolidation, the specific trends need to pay more attention to the supply side of the situation.