Trade name: formic acid
Latest price (March 21): 5266.67 yuan / ton
On March 21, the market price of industrial grade 85% formic acid rose, up 6.76% compared with the previous trading day and 14.08% compared with the price on February 21. At present, the price of main raw material methanol is rising, the cost support is improved, the supply and demand support is strong, the market trading atmosphere is active, and the market is rising.
It is expected that in the short term, the formic acid market may be dominated by strong operation.
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