Price trend

As of December 21, the DMF market continued to decline in 2022, with a decline of 64.31% throughout the year. The high price at the beginning of the year was 15,900 RMB/ton, and the low price in December was 5,675 RMB/ton. In 2022, the DMF market went down all the way, the downstream industrial chain operated slowly, and the demand support was weak.

Analysis review

In the first quarter, the DMF market rose and fell. The price peaked in February, at 16,575.00 RMB/ton. The price remained relatively high. In March, the price began to fall. At the end of March, the DMF price was 14,550 RMB/ton, down 8.49% in the first quarter. In March, the DMF price mainly declined, down 8.12% from the same period in February, down 1,300 RMB/ton.

In the second quarter, in April, the DMF market still maintained a downward trend. As of April 26, the average price of domestic premium DMF quoted by enterprises was 13,250.00 RMB/ton, down 8.63% compared with the beginning of April, down 9.86% compared with the same period in March, and the mainstream price was 13,200 RMB/ton. In May, the price of DMF fluctuated, rising and falling. In the first ten days of May, the price rose, and in the late May, the price fell. Near the end of the month, the price of the mainstream price was currently 12,600 RMB/ton. In June, the DMF price was relatively strong narrowly. From 12,550 RMB/ton at the beginning of the month to 12,700 RMB/ton at the end of the month, the price at the end of the month increased by 1.2% compared with the beginning of the month, with an increase of about 100 RMB/ton. As a whole, the price range in June was upward narrowly, and the mainstream price range was 12,500-12,700 RMB/ton.

In the third quarter, DMF prices started to be weaker in a narrow range in July. From 12,500 RMB/ton at the beginning of the month to 11,250 RMB/ton at the end of the month, the overall price in July fell by 10%, and the mainstream price range was 10,500 RMB/ton. In August, the price still declined mainly. As of August 31, the average price of premium DMF offered by domestic DMF enterprises was 10,625.00 RMB/ton, from 12,500 RMB/ton at the beginning of the month to 10,625 RMB/ton at the end of the month. The overall price in August was weak, with an overall decline of 5.56%. The mainstream price range was 10,500 RMB/ton. In September, the price of DMF dropped sharply, from 10,625 RMB/ton at the beginning of the month to 8,850 RMB/ton at the end of the month. The overall decline in September reached 16.71%. At the end of September, the price of DMF stopped falling and rebounded, with a trend of rising.

In the fourth quarter, in October, as of October 26, the average price of premium DMF offered by domestic DMF enterprises was 7,175.00 RMB/ton. In October, the price of DMF fell, from 8,850 RMB/ton at the beginning of the month to 7,175 RMB/ton at the end of the month. The overall decline in October was 18%. At the end of October, the price of DMF had an upward trend and a stronger trend. In November, the price of DMF still declined mainly. In November, the DMF price showed a weak downward trend, down 18.12% compared with the same period in October, with a monthly drop of 1,300 RMB/ton and a weekly drop of 800 RMB/ton. In December, the DMF market stopped falling and rebounded, and the price rose. As of December 21, the DMF price was easy to rise but hard to fall, and the rise may last until the beginning of 2023.

Market outlook

In 2022, DMF has been going all the way for a full year, and the price has reached a low point. At the end of the year, DMF shows signs of stopping falling and rebounding. At present, the operators are not active, and the operating rate remains low, but they still cannot reverse the downturn. The demand is lack of support, the logistics is seriously detained, and the shipment is slow. At present, the DMF market has a rising trend. The manufacturers operate at a high price, which is easy to rise but difficult to fall in the short term. It is estimated that the DMF price will rise in 2023.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com