Sodium Formate Price | Current and Forecast
Monitor Sodium Formate Prices Worldwide
See monthly Sodium Formate prices in 5 locations: US, SE Asia, NE Asia. Also check Sodium Formate price history since 2007 and forecasts. Subscribe now to Intratec Primary Commodity Prices and gain access to current prices of 244 commodities, including Sodium Formate.
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Data Legend. The Sodium Formate price chart shows the prices in USA Dollar per metric ton (USD/mt) in 3 locations, as follows:
- US: transaction, cif
- SE Asia: transaction, cif, India
- NE Asia: transaction, fob, Taiwan
Data Use. Sodium Formate prices are provided as an annual subscription where subscribers have access to reliable pricing data of 244 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Price Dynamics. The Sodium Formate price in United States decreased during September 2018 to 343 USD per metric ton, which represents a slight decline of 0.6% compared to the previous month’s value. On a year-over-year basis, Sodium Formate prices in United States increased significantly by 101%. Meanwhile, in India, the average price of Sodium Formate amounted to 427 USD per metric ton, from 213 USD per metric ton one year earlier. On a month-over-month basis, the Sodium Formate price in India is 0.7% lower than the price one month before.
The price of Sodium Formate in Taiwan rose throughout September 2018, reaching 326 USD per metric ton. The price in Taiwan is 6% higher than the average price in the previous month and 50% higher than the average price one year before.
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About Sodium Formate. Sodium Formate (a.k.a. Sodium Methanoate) is a hygroscopic organic white salt that is soluble in water and glycerol. It is combustible only under specific conditions but finely dispersed particles may form explosive mixtures in air. The salt is non-toxic, but when decomposed by heat, produces carbon monoxide and hydrogen, an explosive gas. It also decomposes when in contact with acids, producing formic acid vapors.
It should be stored away from strong acids, in a cool, dry and ventilated place, and in a tightly closed container. It is necessary protects against physical damage and protects from moisture.
Raw materials and the respective production processes employed in the manufacturing of Sodium Formate are listed below.
- Isobutyraldehyde + formaldehyde (aldol condensation/Cannizzaro reaction; byproduct of neopentyl glycol production),
- Isobutyraldehyde + formaldehyde (condensation/Cannizzaro reaction/ester formation; byproduct of neopentyl glycol monohydroxypivalate production),
- Acetaldehyde + formaldehyde (aldol condensation/Cannizzaro reaction; byproduct of pentaerythritol production),
- Sodium hydroxide + carbon monoxide (basecatalysed carbonylation),
- n-butyraldehyde + formaldehyde (aldol condensation/Cannizzaro reaction; byproduct of trimethylolpropane production)
The uses and applications of Sodium Formate may vary according to its specification. The main forms of Sodium Formate are technical grade; and CP grade.
Formic Acid Sodium Salt is used to buffer strong mineral acids to higher pH, for dyeing and printing fabrics, tanning leather, pickling baths, in silage fermentation additives, as an electroplating agent, a mordant, and astringent. Besides that, it is employed in analytical chemistry to precipitate noble metals.
