Indian Formic Acid prices
Formic Acid moved lower this week, closing at Rs 54.00/kg after declining Rs 1.00/kg from last week. The product has dropped Rs 7.00/kg over the past fortnight, showing continued downward movement in the Mumbai market. Indian Formic Acid prices are reflecting a cautious domestic pricing environment, with buyers adjusting to softer weekly and fortnightly levels.
The monthly comparison shows a decline of Rs 5.00/kg, while the current price remains above the Rs 52.00/kg level seen three months ago. This indicates that the latest decline follows a recent period of higher pricing. Over the past six months, Formic Acid has decreased by Rs 6.00/kg. The highest price recorded earlier in the year was Rs 67.00/kg, placing the current Rs 54.00/kg level well below that peak. Formic Acid prices in India are currently being tracked with support around Rs 52.00/kg and resistance near Rs 61.00/kg. Indian Formic Acid prices remain relevant for manufacturers, traders, and procurement teams reviewing weekly declines, fortnightly weakness, and the broader adjustment from earlier market highs, Formic Acid, Mumbai Trade, Market Weakness, Price Adjustment, Chemical Market, Trade Update.
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