Trade name: formic acid
Latest price (October 9): 8016.67 yuan / ton
On October 9, the formic acid market was stable at a high level, flat compared with the previous trading day, up 32.87% compared with September 9 and 287.90% compared with the same period last year. At present, the price of raw materials is running strongly, the cost support is rising, which boosts the market mentality. The downstream just needs to prepare goods after the festival, and the market trading atmosphere is OK.
It is expected that in the short term, the formic acid market may operate at a high level.