Price trend

According to the data monitored by SunSirs, as of March 29, the average price quoted by domestic DMF enterprises for premium DMF products was 5,475 RMB/ton, which was stable compared to the same period last week. The overall market supply and demand were balanced, and the focus of negotiations was stable.

Analysis review

The DMF trend was stable and the focus of negotiations was stable. On the 29th, the mainstream price range was around 5,400.00 RMB/ton. The operating rate was mainly stable, the supply side was normal, and downstream purchases were made on demand, with no obvious desire to stock up, and manufactures gave profits to sell goods. Manufacturer's latest DMF quotation: Jinan Jutai Chemical Co., Ltd. 5,300 RMB/ton, Shandong Jiufu Biotechnology Co., Ltd. 6,150 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. 6,100 RMB/ton.

Chemical index: On March 28th, the chemical index stood at 912 points, up 1 point from the  previous day, down 34.86% from the cycle's highest point of 1,400 points (2021-10-23), and up 52.51% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 to now).

Market outlook

DMF analysts from SunSirs believe that the DMF market will mainly operate stably in the short term.

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