According to the Commodity Market Analysis System of Shengyi Society, the price of formic acid remained stable at the beginning of 2025 compared to the end of 2024. As of January 6th, 85% of industrial formic acid in China was priced at 2950 yuan/ton, a decrease of 6.35% compared to the same period last year when it was priced at 3150 yuan/ton.

The main reason for the stabilization of raw material methanol prices is that traditional downstream industries are resistant to high prices. In the short term, port inventory has entered the channel of destocking, and the market has a strong willingness to hold goods, resulting in firm prices.

The demand for upstream sulfuric acid has slowed down compared to the previous period, and the supply remains tight, with prices still showing upward momentum; The high cost of raw materials still provides strong support for sulfuric acid.

The downstream pesticide, rubber, leather, and pharmaceutical industries purchase goods on a per order basis based on market demand, with rigid demand being the main focus. The focus of negotiations in the formic acid market remains stable.

According to analysts of Business Society’s formic acid data, the current cost support for formic acid is average, and market trading is mainly driven by demand. It is expected that 85% of domestic industrial formic acid prices will remain stable in the short term, and specific changes in market conditions still need to be monitored.