The chart above is a sample of historical data taken from Intratec Primary Commodity Prices. It presents price assessments for Formic Acid, in USA Dollar per metric ton (USD/mt), across 4 key locations, as follows:
- Formic Acid, US (United States): Formic Acid, export transaction price, fob, United States
- Formic Acid, EUR (Europe): Formic Acid, import spot price, cfr, Netherlands (netforward from fob China)
- Formic Acid, CN (China): Formic Acid, domestic spot price, exw, China
- Formic Acid, SAM (South America): Formic Acid, import transaction price, cif, Brazil
This sample data is provided for illustrative purposes only. Subscribe now and access up-to-date monthly prices of 225 commodities, including Formic Acid.
Data Use
Formic Acid prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Formic Acid price assessments are available via different delivery methods:
- Online charts
- Directly into Excel (using Intratec Add-in)
- Power BI dashboards
- Web API (to facilitate integration with existing workflows)
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Formic Acid Price Outlook
Formic Acid Price Outlook. The price of Formic Acid (United States) decreased during February 2025 to 680 USD per metric ton, which represents a considerable decline of 9% compared to the previous month’s value. On a year-over-year basis, the prices of Formic Acid (United States) decreased modestly by 0.7%. Meanwhile, the average price of Formic Acid (China) amounted to 408 USD per metric ton, from 435 USD per metric ton one year earlier. On a month-over-month basis, the price of Formic Acid (China) is 1% higher than the price one month before.
The price of Formic Acid (Europe) declined considerably throughout February 2025, reaching 534 USD per metric ton. The price is 12% lower than the average price in the previous month and 13% lower than the average price one year before. In contrast, the prices of Formic Acid (South America) decreased significantly during February 2025, reaching 488 USD per metric ton, which means a decline of 12% from the previous month’s price and a decline of 32% from the previous year’s price.
About Formic Acid
About Formic Acid. Formic Acid (a.k.a. Methanoic Acid) is an organic compound and the simplest carboxylic acid. It is a colorless and fuming liquid with a pungent odor. First isolated in 1671, it began to be industrially produced in the 1960s as a by-product of acetic acid production. Nowadays, the main production method has shifted to a methanol-based process, and methanoic acid can be classified as a medium-volume chemical commodity. In Europe, most of the Formic Acid finds application as a silage aid and in the feed industry. However, around the world – primarily in China – Formic Acid is also applied in leather and tanning, textile, natural rubber, and drilling fluids industries.
Formic Acid Handling. Formic acid is commonly shipped in rail or road tankers/drums. It is classified as a corrosive material and for storage and transportation in concentrations of 85% or less, stainless steel or plastic (HDPE, PP or alike) should be used. For concentrations above 85%, Austenitic chomium-nickel steels are recommended. It should be noted that formic acid at higher concentrations can slowly decompose and liberate carbon monoxide, so it should be stored in well-ventilated areas.
Formic Acid Production. Raw materials and the respective production processes employed in the manufacturing of Formic Acid are listed below.
- Methanol (carbonylation, followed by hydrolysis, sometimes involving ammonia and sulfuric acid),
- Hydrocarbons (liquid-phase oxidation; co-product of acetic acid production),
- Formate salts (acidolysis)
Formic Acid Uses. The uses and applications of Formic Acid may vary according to its specification. Typically, the acid can be commercialized at concentrations varying between 75-99 wt%, depending on the application. The most common is the 85 wt% purity.