North America Formic Acid Prices Movement Q2:
Formic Acid Prices in the United States:
Product | Category | Price |
Formic Acid | Petrochemical | 830 USD/MT |
In the last year, Formic Acid Price Trend in the United States reached $830 per metric ton during Q2. In the United States, formic acid prices saw significant fluctuations throughout the quarter, with a gradual increase driven by stronger manufacturing activity and rising seasonal demand. Despite global economic challenges, key industries such as preservatives and adhesives maintained steady demand, which helped support the upward price trend. Additionally, the market was influenced by low inventory levels, which intensified the pressure on prices. Steady methanol supplies from nearby regions, like Mexico, also played a role in maintaining the price increase. By the end of the quarter, the market began to stabilize as demand balanced out and inventory levels adjusted.
APAC Formic Acid Prices Movement Q2:
Formic Acid Prices in Japan:
Product | Category | Price |
Formic Acid | Petrochemical | 460 USD/MT |
In fiscal year, formic acid prices in Japan settled at $460 per metric ton during Q2. In the fiscal year, the formic acid market in Japan saw a decline in prices, primarily due to reduced industrial activity during the warmer season. The oversupply of methanol further contributed to the downward pressure on prices, while a slowdown in demand from key downstream industries, such as adhesives and textiles, added to the challenge. Additionally, buyers in the market were cautious with their purchases, opting to limit their stock acquisitions, which led to continued price reductions throughout the quarter. The combination of these factors resulted in a weakening market for formic acid in Japan during this period.
MEA Formic Acid Prices Movement Q2:
Formic Acid Prices in Saudi Arabia:
Product | Category | Price |
Formic Acid | Petrochemical | 580 USD/MT |
In the fiscal year, formic acid prices in Saudi Arabia reached $580 per metric ton during Q2. Formic acid prices in Saudi Arabia experienced a significant decline, driven by overstocking and weak demand across key sectors. Seasonal factors and reduced activity in industries such as textiles and adhesives further exacerbated the drop in prices, as the need for formic acid remained low. The situation was compounded by ample stockpiles, which kept supply levels high while demand remained subdued. Additionally, falling crude oil prices contributed to lower production costs, which, in turn, added further downward pressure on formic acid prices in the region. These combined factors led to a challenging market environment for formic acid in Saudi Arabia during the quarter.
South America Formic Acid Prices Movement Q2:
Formic Acid Prices in Brazil:
Product | Category | Price |
Formic Acid | Petrochemical | 765 USD/MT |
In the fiscal year, formic acid prices in Brazil settled at $765 per metric ton during Q2. Brazil's formic acid market faced significant downward pressure in the last quarter, primarily due to an oversupply and weak demand across key sectors. In industries such as textiles, cautious purchasing behavior, and limited demand further exacerbated the decline in prices, as companies refrained from making large purchases. Additionally, overall market conditions were hindered by limited trading activity, with seasonal factors playing a role in reducing the need for formic acid. These combined factors led to a general sense of pessimism throughout the Latin American market, creating a challenging environment for formic acid pricing in the region.
How the IMARC Pricing Database Can Help
The latest IMARC Group study, “Formic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Formic Acid price trend, offering key insights into global Formic Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Formic Acid demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.
Request to Get the Sample Report: https://www.imarcgroup.com/formic-acid-pricing-report/requestsample
Key Features:
Key Attributes | Details |
Product Name | Formic Acid |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Formic Acid Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Information Covered for Key Suppliers | · Company Overview · Business Description · Recent Trends and Developments |
Customization Scope | The report can be customized as per the requirements of the customer |
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