Price trend

According to the data monitored by SunSirs, as of March 31, the average price of premium DMF products quoted by domestic DMF enterprises was 5,475.00 RMB/ton. In March, the DMF price showed a weak downward trend, with a monthly overall decline of 3.52%. The mainstream price on the 31st was around 5,400 RMB/ton.

Analysis review

In March, the overall market performance of DMF was mainly weak, with the price of 5,675 RMB/ton at the beginning of March and 5,475 RMB/ton at the end of March. The overall decline in March was 3.52%. Compared with the same period last week, the price was mainly stable, with limited price fluctuations in the short term. As of the 31st, the domestic DMF price was stable and weaker, with the mainstream price range of 5,400.00 RMB/ton. Downstream procurement was mainly based on rigid demand, while upstream cost support was insufficient and demand was poor. The manufacturer gave up profits to sell goods. Manufacturer's latest DMF quotation: Shandong Hanyue Chemical Co., Ltd. 5,300 RMB/ton, Jinan Jutai Chemical Co., Ltd. 5,300 RMB/ton, Shanghai Ronghe Chemical Co., Ltd. 5,300 RMB/ton.

Chemical index: On March 30, the chemical index stood at 912 points, down 2 points 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 8, 2020. (Note: The cycle refers to 2011-12-01 to now).

Market outlook

DMF analysts from SunSirs believe that in the short term, the DMF market is mainly stable and the mainstream price is 5,300 RMB/ton.

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