As of June 15, the average price of industrial 85% formic acid enterprises was 3875.00 yuan/ton, which was flat compared with Monday's price.

This week, there was no significant change in the overall trading of the industrial 85% formic acid market, and businesses shipped according to the market, and the mainstream offer of enterprises was still about 3900 yuan/ton. Recently, the price of raw sulfuric acid has risen, the raw material methanol market has been shaken and sorted, the cost side has certain support, the downstream just needs to purchase mainly, the market trading is orderly, and the focus of formic acid negotiation is stable.

Upstream products: upstream sulfuric acid, June 14, sulfuric acid reference price was 186.00, compared with June 1 (182.00), up 2.2%; Upstream methanol, according to the business community commodity market analysis system, on June 14, the reference price of methanol was 2042.50, compared with June 1 (2161.67), down 5.51%.

At present, the cost side support is ok, the supply and demand side is relatively balanced, the market transaction just needs to be dominated, it is expected that the short-term domestic industrial grade 85% formic acid market will be stable operation mainly, and more attention should be paid to the market news guidance.