China Formic acid market rose, market trading orderly

The formic acid market has risen recently. Till March 23, the average quotation price of formic acid enterprises was 2650 CNY / ton not including package charges, up 3.25% compared with last Tuesday (March 16), up 1.92% compared with February 23, and up 35.9% compared with the same period last year. Recently, the manufacturer's shipping price has increased. According to the source of goods and market conditions, the dealers have increased the price also, with an increase of about 100-200 CNY / ton. The downstream demand is fair, and the market transaction is orderly.

In the near future, the price of raw materials is stable and strong, and the market trading atmosphere is acceptable, which will boost the market mentality. It is expected that in the short term, the formic acid market may be stable and rising, so more attention should be paid to the market information guidance.