February 26th news: Market sources indicate that the combined 350,000-ton formic acid production facilities of Asude and Luxi Chemical are scheduled for maintenance in March. Chempricehub's analysis of formic acid gives a bullish-bearish score of 1. The planned maintenance of the 350,000-ton formic acid production facilities of Asude and Luxi Chemical in March is expected to significantly reduce market supply. As a key chemical raw material, the anticipated supply shortage is likely to drive up spot prices of formic acid, benefiting the market. Analysis suggests that the maintenance event may lead to a short-term supply-demand imbalance, supporting upward price movement.