SunSirs: Strong Supply and Weak Demand, Calcium Formate Prices Slightly Decreased

https://www.chemnet.com   Mar 21,2024 SunSirs

　　Price trend

　　This week (3.13-3.20), the market trend of calcium formate fluctuated and declined. As of March 20th, the benchmark price of calcium formate at SunSirs was 3,732.50 RMB/ton. Compared with last week (3,782.50 RMB/ton), the price decreased by 50 RMB/ton, a decrease of 1.32%. The reference price for the North China market was 3,600 RMB/ton, while the reference price for the East China market was 3,750 RMB/ton.

　　Cost side:

　　The market price of raw material formic acid was stable, with a benchmark price of 3,300.00 RMB/ton for SunSirs formic acid, which was unchanged from last week. Cost support was still acceptable.

　　Market outlook

　　The main reason for the slight decrease in the market price of calcium formate was that there was sufficient on-site spot supply, and the overall purchasing enthusiasm was weak due to the influence of terminal real estate. However, in the future, analysts from SunSirs predict that as the price of calcium formate decreases, terminal market demand may recover, which will alleviate market supply and demand. In the short term, the price of calcium formate will remain stable.

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