As of June 9, the average price of industrial 85% formic acid enterprises was 3875.00 yuan/ton, which was flat compared with Monday's price.

This week, the market price of industrial-grade 85% formic acid is overall stable, and the mainstream price is about 3900 yuan/ton. Recently, the raw material sulfuric acid market is stable, the raw material methanol market is weak, the cost side support is slightly weak, the downstream market is on demand, the supply and demand side support is reasonable, the market has no obvious fluctuations, and the enterprise quotation is mainly stable.

Upstream products: upstream sulfuric acid, on June 8, the reference price of sulfuric acid was 182.00, the same as June 1; On June 8, the reference price of methanol was 2085.83, which decreased by 3.51% compared with June 1 (2161.67).

At present, the impact of the cost is not large, downstream pharmaceutical, rubber, leather, pesticides and other industries into the market to follow up on demand, the market atmosphere is ok, it is expected that the short-term domestic industrial grade 85% formic acid market or will be stable, more need to pay attention to market news guidelines.