Formic acid, acetic acid, soda ash and other market conditions

Formic acid

In February, the market price of domestic industrial grade 85% formic acid rose steadily. In the first half of the month, the price of raw material sulfuric acid was stable, and the price of raw material methanol fluctuated. There was some support on the cost side. In the early stage, mainstream enterprises temporarily reduced production, and the inventory was controllable. In the middle of the month, the cost support still exists, the market mainly digests the inventory, the reduction of installations of mainstream enterprises has not yet resumed, and the downstream demand is recovering. In the second half of the month, the pressure on the cost side increased, driving the price of formic acid to rise, the market supply is sufficient, the main downstream formate market demand is acceptable, and the market has a high price mentality.

Soda ash

Today’s domestic soda ash market price is running smoothly. Today, the salt lake magnesium industry has started to increase its operation, and the overall soda ash industry has maintained a high level of operation; the downstream demand for light ash is weak, and enterprises purchase on demand, and the market price is basically stable; There are many orders in hand, and the supply of heavy alkali is still tight. Some soda ash manufacturers received orders until the middle and early March, and the quotations of enterprises were firm.

Glacial acetic acid

The North China glacial acetic acid market can be negotiated and delivered around 2850-2950 yuan/ton. The quotations of factories in the region remained stable, and the trading volume was average. The price of Northwest goods rebounded within a narrow range, driving the focus of low-end negotiations in North China to move upward.

Isopropanol

Isopropanol market prices rose. Affected by the rise of raw material acetone, the cost pressure of isopropanol is relatively high, and the market rises accordingly. The positive support in the market is mainly based on cost factors, and the holders follow the market as they go. The wait-and-see mood in the downstream has intensified, and buying is mainly for rigid needs.