Views: 2 Author: Site Editor Publish Time: 2021-09-06 Origin: Site
Till September 3, the average quotation price of Formic Acid manufacturers was 4833.33 CNY / ton, up 7.41% compared with the price on last Monday, 54.26% compared with the price on August 3, and 74.70% year-on-year in a three-month cycle.
Recently, raw materials have been operated strongly, the cost support has increased, the supply of goods in the market is tight, the demand side is stable, the procurement is mainly on demand, and the market price of Formic Acid continues to rise. On September 2, the Formic Acid commodity index was 247.71, which was the same as that on September 1, hitting a record high in the cycle, up 104.55% from the lowest point of 121.10 on December 7, 2020（ Note: period refers to 2020-09-01 to now)
At present, driven by the cost, coupled with the strong support of the supply side and the active market atmosphere, it is expected that the Formic Acid market may operate strongly in the short term.
