This week (5.24-5.29), the price of industrial grade calcium formate remained stable after falling. According to the Commodity Market Analysis System of Business Society, as of May 29th, the average price of industrial grade 98% calcium formate in China was 3440.00 yuan/ton, a decrease of 100.00 yuan/ton compared to May 22nd (reference price of calcium formate was 3540.00 yuan/ton).

Supply side:

From the monitoring chart of Business Society data, it can be seen that the industrial grade 85% formic acid market experienced an overall decline in May. In the first half of the month, the price of raw material methanol in the market rose and cost support increased, but demand support was weak. Downstream buying was flat, and inquiries and purchases were mainly in demand. Manufacturers accumulated inventory to promote transactions, and the focus of negotiations in the formic acid market declined. In the second half of the month, the raw material methanol market surged and fell, and cost support weakened from strong to weak. The supply side has sufficient supply of goods, but the demand follow-up is limited, resulting in a bearish supply and demand side. Enterprises are actively selling at a profit margin, and the formic acid market has stabilized after a decline.

Overall:

Business Society calcium formate analysts believe that the current industrial grade calcium formate market is facing severe sales pressure, and the market situation is showing a trend of profit giving operation. Against the backdrop of weak cost support, it is expected that the calcium formate market will continue to experience weak consolidation in the short term, and more attention needs to be paid to market news guidance.