• North America:
Formic Acid FOB Texas prices fell by x.xxx during the week ending xx July, strengthening the ongoing xx-week bearish trend. Strong animal nutrition and pharma off-take, coupled with continuity of feedstock and logistics flows, together with firm operations at BASF&#xx;s Geismar and Eastman&#xx;s Kingsport plants, resulted in formic acid over-supply. Lower summer demand—particularly from de-icing and automotive markets—combined with a strong U.S. dollar and smooth import flows, weighed further on formic acid FOB prices. While the Houston port backlog and strong methanol quotes provided some cost-side pressure, prices are expected to ease further next week unless feedstock or freight shock occurs.
• APAC:
Formic Acid FOB Qingdao rose x.xxx to USD xxx/MT, pushing higher even amid a larger xx-week bearish trend. An overwhelmingly local supply base (xxx) registered tightening spot lots as...
