Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 7th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,475 RMB/ton, which was stable compared to the same period last week. The price fluctuation range was limited, and the overall market supply and demand were balanced, with smooth shipments.

Analysis review

This week, the DMF trend was running smoothly, and the purchasing atmosphere was average. As of the 7th, the mainstream price range was around 5,400.00 RMB/ton. The operating rate was mainly stable, and the overall market supply and demand were balanced. Downstream purchases were made on demand, and merchants were willing to make profit-cutting for sales. The shipment was normal. The latest DMF quotations from the manufacturers: Jinan Mingwei Chemical Co., Ltd. quoted 5,600 RMB/ton, Shandong Xiawei International Trade Co., Ltd. quoted 5,300 RMB/ton, and Jinan Yingsen Chemical Co., Ltd. quoted 5,300 RMB/ton.

Chemical Index: On April 6th, the chemical index stood at 914 points, unchanged from the previous day, a decrease of 34.71% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 52.84% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

SunSirs DMF analysts believe that in the short term, the DMF market will operate steadily and tend to be stronger narrowly.

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