Price trend

According to the data monitored by SunSirs, as of February 24, the average price of premium DMF quoted by domestic DMF enterprises was 5,725 RMB/ton, down 0.87% from the same period last week, down about 50 RMB/ton, and the overall market declined slightly.

Analysis review

This week, the DMF trend declined slightly, with a narrow and weak operation. As of the 24th, the mainstream price range was around 5,600.00 RMB/ton. The operating rate was mainly stable, the supply side was normal, and the willingness to purchase and store goods on demand in the downstream was not obvious. The manufacturer gave up profits to sell. The manufacturer's latest DMF quotation: Jinan Yingsen Chemical Co., Ltd. 5,200 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. 6,400 RMB/ton, Shandong Yusuo Chemical Co., Ltd. 5,400 RMB/ton.

Chemical index: On February 23, the chemical index was 917 points, up 2 points from the previous day, down 34.50% from the highest point of 1,400 points in the cycle (2021-10-23), and up 53.34% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

DMF analysts of SunSirs believe that the DMF market will mainly be weak and stable in the short term.

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