According to the bulk list data of Business News Agency, as of February 22, the average price of domestic industrial 85% formic acid enterprises was 3433.33 yuan/ton, which was 0.98% higher than that of last Friday (February 17).

Recently, the domestic industrial grade 85% formic acid market has been stable after a slight rise. Recently, the price of raw material sulfuric acid has risen, the market of raw material methanol has fluctuated in a narrow range, and the pressure on cost has increased, which has driven the price of formic acid to rise, and the volume of mainstream devices in the early stage has been reduced. However, the market supply is sufficient, the demand of the main downstream formate market is moderate, and the market price is high, and the formic acid market is strong.

Upstream products: upstream sulfuric acid, the domestic sulfuric acid market price was temporarily stable on February 21, and the reference price of sulfuric acid was 243.33 on February 21, up 5.03% compared with February 1 (231.67); Upstream methanol, according to the monitoring of the Business News Agency, the domestic methanol market fluctuated in a narrow range. From February 14 to 21 (as of 15:00 p.m.), the average price of the domestic methanol market in the East China port rose from 2691 yuan/ton to 2714 yuan/ton. The price rose 0.85% and 0.90% month-on-month in the cycle.

According to the formic acid analysts of the Business Society, at present, the cost support is strong, the market is still dominated by inventory digestion, and the demand is expected to rise steadily. In the short term, the domestic industrial grade 85% formic acid market may be dominated by strong operation, and more attention should be paid to the guidance of market news.