Views: 0 Author: Site Editor Publish Time: 2021-08-23 Origin: Site
Till August 20, the average quotation price of Formic Acid manufacturers was 3400 CNY / ton, up 0.99% compared with the price on last Monday, 12.09% compared with the price on July 20, and 24.39% year-on-year in a three-month cycle.
Since August, the domestic Formic Acid market has improved, and the market as a whole has shown an upward trend this week. Recently, the inventory of Formic Acid market is low, the supply side is tight, the domestic downstream terminal factories are purchasing it on demand, the on-site trading is smooth, coupled with export support, the focus of market transactions is stable and rising.
On the whole, at present, the raw materials support the Formic Acid market fairly well, the supply side is in short supply, the demand side is actively followed up, the goods holders have no intention to lower the price, mainly wait-and-see price support operation, and it is expected that the Formic Acid market may be strong in the short term.
