Formic Acid steadies close to recent lows
Formic Acid has entered a quieter phase after a pronounced decline earlier in the month, with recent sessions showing smaller price moves. The latest assessment placed Formic Acid at Rs 53/kg on 23 December, down Rs 1/kg on the week. Indian Formic Acid prices therefore remain close to the lower end of the recent trading window, even as the pace of decline has eased.
The fortnight comparison highlights the earlier adjustment, with prices Rs 7/kg lower than the Rs 60/kg level seen two weeks ago. A similar Rs 7/kg drop is visible on the month view compared with late November, suggesting the domestic market repriced lower and then stabilised. Looking back three months, prices are Rs 12.5/kg below the Rs 65.5/kg level that prevailed earlier in the quarter, confirming that the broader tone remains soft.
Recent trading landmarks help frame the current position. Over the last three months, Formic Acid has traded between a high around Rs 65.5/kg and a low near Rs 53/kg. While this range widened during the downturn, the latest prints indicate prices holding near the bottom rather than continuing to slide. Over six months, values are Rs 12/kg lower than Rs 65/kg, and on a year-on-year basis prices are Rs 7/kg below December 2024 levels. Indian Formic Acid prices now reflect consolidation, with Formic Acid prices in India anchored near support at Rs 53/kg and resistance around Rs 65.5/kg, Formic Acid, Chemical Markets, Industrial Chemicals, Price Update, Market Trends, Chemicals Industry, Commodity Prices, Downtrend, Supply Demand, Petrochemicals.
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