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Formic Acid FOB Texas maintained a firm and sustained upward trajectory through the third and fourth weeks of April ****, with formic acid extending a well-established **-week bullish cycle driven primarily by persistent upstream cost inflation and structurally tight supply fundamentals. The market continued to trade on a cost-push basis, with the **-week moving average holding at USD ***.**/MT, reflecting a prolonged period of elevated pricing and limited corrective pressure. The dominant driver of this upward momentum remained a sharp escalation in methanol costs across the U.S. Gulf Coast, where Methanol DEL Louisiana surged significantly from approximately USD ***/MT to around USD ***/MT during **鈥** April, substantially increasing production costs for formic acid manufacturers and compressing downstream margins for formic acid.
On the supply side, relatively stable carbon monoxide and syngas availability ensured baseline production continuity for formic acid across domestic facilities. However,...
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