In the Asia-Pacific (APAC) region, formic acid prices exhibited a stable to slightly declining trend during the second half of April xxxx. Major producers in China and India reported consistent pharmaceutical demand, particularly for drug synthesis and preservative formulations, which helped anchor the market. However, slight declines in methanol prices鈥攖he primary feedstock for formic acid鈥攁dded mild downward pressure on overall pricing. The regional market also faced modest inventory accumulation due to steady production rates, despite no significant surge in end-use consumption. Market participants in China noted that while domestic pharmaceutical applications held firm, export activity saw marginal fluctuations due to geopolitical uncertainties and cautious international procurement. The reported price for Formic Acid is at USD xxx/MT for FOB Qingdao basis.
In Europe, formic acid prices held mostly stable, though some producers noted light downward pressure driven by softening methanol...
