Formic acid and acetic acid market conditions

Formic acid
In February, the domestic formic acid market was in a slightly up situation.
March is about to face the peak season for formic acid procurement, and the price of formic acid will fluctuate greatly. main reason:
1. The price of the main raw material for formic acid has risen, and the cost support has risen;
2. The domestic factory plans to stop production for maintenance, the production capacity is expected to be less than 50% of the original, and the inventory is seriously insufficient.
Glacial acetic acid
At present, the price of acetic acid is gradually approaching the cost line, and the market price of glacial acetic acid is expected to bottom out.
I hope that you will arrange your purchases reasonably based on market conditions and your own purchasing needs.

Post time: Mar-07-2022