Formic acid is a colorless, transparent liquid with a strong sour and pungent odor. It is well soluble in water and can exist in a variety of concentrations. Due to its strong acidity, formic acid can react with a variety of chemicals to produce different compounds. This makes formic acid have a wide range of potential in chemical synthesis and industrial applications.
The price of 85% domestic industrial formic acid remained stable, with no change from the beginning of the month as of April 14.
This week, the domestic industrial-grade 85% formic acid market price was generally stable. The raw material sulfuric acid market was mostly on the sidelines, with prices in some regions rising and falling slightly. Under the influence of crude oil and policies, the raw material methanol fell sharply at the beginning of the month. After falling to a low level, many downstream and traders replenished stocks at low prices. In addition, the failure of some major production areas to reduce production supported the domestic methanol market to rebound from a low level. The methanol market fluctuated.
At present, the cost of formic acid has not been greatly affected. Downstream industries such as medicine, rubber, leather, and pesticides have entered the market to purchase and follow up on demand. The market atmosphere is still good. It is expected that the domestic industrial-grade 85% formic acid market will be mainly stable in the short term. The specific changes in market supply and demand still need to be paid attention to.
Post time: Apr-15-2025