As of early October xxxx, the global Formic Acid market is experiencing notable fluctuations influenced by various economic and industry-specific factors. Prices have shown resilience in some regions, while other areas are grappling with volatility due to shifting supply and demand dynamics.
In Europe, the price of Formic Acid stabilized at xxx USD/MT FD Rotterdam, despite earlier price declines attributed to weak demand from downstream industries. The balance in the market can be partially credited to consistent production levels. While methanol prices—a key feedstock—declined by approximately xx in September xxxx, manageable production costs have allowed manufacturers to maintain stable pricing. The agricultural sector, particularly in silage preservation and animal feed applications, continues to demonstrate steady demand, contributing to a xx year-over-year increase in consumption of Formic Acid in Europe.
Conversely, in the Turkish market, Formic Acid prices have held steady at xxx USD/MT...
