The Sodium Formate market in China experienced constant growth during December xxxx, driven by seasonal demand in key downstream industries. Increased usage of Sodium Formate in the leather processing and de-icing sectors, which usually rises during winter, played a crucial role in improving the market. Growth in feedstock Methanol costs too added further pressure to Sodium Formate prices.
According to the market studies by ChemAnalyst, throughout December, Sodium Formate was getting traded at around USD xxx per MT on FOB – Shandong basis, which is calculated to be about x.xx higher compared to November. Domestic manufacturers ensured stable production levels to meet growing demand, supported by sufficient methanol availability. Seasonal logistical challenges, such as minor delays in outbound shipments, were addressed through strategic inventory planning. Rising energy and feedstock Methanol costs posed challenges, yet manufacturers prioritized domestic supply to maintain market stability.
China&#xx;s broader...
