Recently, with the rise of international oil prices, the rate of change in international oil prices has exceeded 5%. As of August 3, the change in international oil prices has risen to 5.27%. This means that the domestic oil price increase window will open on 22 working days after the last oil price decline, that is, on August 10. It is speculated that the oil price increase is about 350 yuan / ton.
According to relevant monitoring data, on August 1st, the average daily price of crude oil in three places (Xinta, Dubai, Brent) was 105.133 US dollars per barrel, and the average price of nearly 22 days was 102.629 US dollars per barrel, which was higher than the benchmark price on July 9. 5.27%, up 0.36% from the previous day. On the same day, the international oil price of New York crude oil futures closed at 88.91 US dollars, an increase of 1%. The wholesale price of refined oil products on the market is growing steadily, and some wholesale prices are close to the retail price.

Sodium Formate

Sodium formate is one of the simplest organic carboxylates, white crystals or powders,density1.919g/cm3. with slightly Formic Acid odor. Easily soluble in water, and glycerin, slightly soluble in alcohol. Melting point253℃ (Anhydrous substance), odorless. Has reducibility.Slightly deliquescent and hygroscopicity.Non-corrosive, non-inflammable, the sodium formate is non-toxic to human body.
Sodium formate is mainly used in the production of insurance powder, Oxalic Acid and formic ACID.It is used as camouflage acid in chromium tannery, catalyst, stabilizer and reductant in printing and dyeing industry.

Sodium Formate,sodium formate 98%, sodium formate 95%

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