March 5th, Reuters — On March 5th, Luxi Chemical's 85% formic acid ex-factory quotation was 2,600 yuan/ton, an increase of 150 yuan/ton compared to the previous day. Chempricehub's analysis of formic acid, with a bullish-bearish score of 1, indicates that the ex-factory quotation for formic acid has risen by 150 yuan/ton to 2,600 yuan/ton, suggesting tight market supply or increased demand, which directly supports spot prices. This increase reflects a short-term imbalance between supply and demand, possibly due to rising raw material costs or a recovery in demand from downstream industries. It is expected that spot prices will maintain an upward trend.