According to the bulk list data of business society, as of April 11, the average quotation price of formic acid enterprises was 7266.67 yuan / ton, up 2.35% from last Wednesday (April 6), 43.42% from March 11, and 68.99% year-on-year in a three-month cycle.

Recently, the market price of domestic industrial grade 85% formic acid has risen. Recently, the main raw material methanol has been operating at a high level, and the cost pressure still exists. A large factory at the supply end has been overhauled, and the market supply has shrunk. The main downstream just needs to follow up. The export market support is strong, the downstream inquiry atmosphere is positive, there is a certain impact on the transportation of some regions, and the formic acid market is in line.

In terms of cost, the reference price of upstream caustic soda was 1230.00 on April 8, an increase of 9.43% compared with April 1 (1124.00); Upstream liquid ammonia, on April 11, Shandong liquid ammonia market rose steadily; Upstream sulfuric acid, the domestic sulfuric acid market rose on April 11; For upstream methanol, on April 8, the reference price of methanol was 3022.50, a decrease of 1.55% compared with April 1 (3070.00).

Formic acid analysts of business society believe that at present, the price of methanol, the main raw material, has weakened, the cost support is limited, the export orders have increased, and the support of supply and demand is still strong. It is expected that the formic acid market may operate strongly in the short term.