The price of formic acid remained steady in the second week of April xxxx in the major regions of North America, Europe, and Asia-Pacific (APAC). The pharmaceutical industry&#xx;s steady demand and stable feedstock methanol prices, along with balanced supply-demand fundamentals, are responsible for this price stability.
Due to favourable methanol availability and ongoing demand from the pharmaceutical industry, formic acid prices in the APAC region stayed steady during the second week of April. Significant formic acid producers and consumers, such as China and India, have shown a steady demand for the chemical, especially in applications pertaining to drug synthesis and preservative formulations. Additionally, producers were able to keep production costs constant due to stable prices for methanol, the main feedstock used to make formic acid. The demand for intermediates like formic acid is anticipated to stay high in the upcoming months,...
