Trade name: formic acid

Latest price (February 9): 4566.67 yuan / ton

On February 9, the formic acid market was mainly stable, and the prices of some enterprises increased, up 0.74% compared with the previous trading day and 5.43% compared with the prices on January 9. Recently, the market of methanol, the main raw material, has been operating at a high level, with certain support on the cost side. After the festival, downstream enterprises have resumed work one after another, mainly in need of replenishment, and the market trading atmosphere is acceptable.

It is expected that the formic acid market may be stable in the short term