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鈥听听听听听听听听听听听听 North America:
Formic Acid FOB Texas prices fell by *.*** during the week ending ** July, strengthening the ongoing **-week bearish trend. Strong animal nutrition and pharma off-take, coupled with continuity of feedstock and logistics flows, together with firm operations at BASF**;s Geismar and Eastman**;s Kingsport plants, resulted in formic acid over-supply. Lower summer demand鈥攑articularly from de-icing and automotive markets鈥攃ombined 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.
鈥听听听听听听听听听听听听 APAC:
Formic Acid FOB Qingdao rose *.*** to USD ***/MT, pushing higher even amid a larger **-week bearish trend. An overwhelmingly local supply base (***) registered tightening spot lots as...
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