Product
Supplier
Encyclopedia
Inquiry
Home > News > Price Trends > Business Society’s Market Outlook for Formic Acid on August 28, 2026: Rising

Business Society’s Market Outlook for Formic Acid on August 28, 2026: Rising

ECHEMI 2026-08-28

August 28 news

1. Mean Difference Change Table

Average Difference Type Today's Value (2026.08.27, Unit: CNY/ton) Yesterday's Value (2026.08.26, Unit: CNY/ton) Direction of Change
5-day Average Difference 80.00 0.00 +
10-day Average Difference 25.00 25.00 Flat
20-day Average Difference 62.50 57.50 +

2. Signal Status Judgment

Currently, this is a strong consolidation (bullish-leaning) signal.

3. Trend Direction Conclusion

The current price trend is volatile but slightly bullish. The reason is that the direction of change in the three average differences compared to the previous day is not entirely consistent (the 5-day and 20-day average differences are rising, while the 10-day average difference is flat), so it is generally considered to be volatile. Additionally, both the 5-day and 20-day average differences are rising, and with the support of major manufacturers in China increasing the factory price of formic acid by 100 CNY per ton on August 27, the bullish attribute is clear.

4. Positional Spatial Reference

1 year cycle price is in the 1st tier (low): the space for a long-term decline is limited; * The price for the 3-month cycle is in the second tier (mid-to-low range): There is still some room for further upward movement in the medium term. * 60-day cycle price is in the 4th tier (moderately high): The space for a significant short-term increase is somewhat limited.

5. Trend Chart Display

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
Comment
Comment

Trade Alert

Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)

Scan the QR Code to Share

Feedback & Suggestions
Send Message

Thank you for your feedback. If you require further assistance, please contact us by email at info@echemi.com or call us at +86-532-55729510.