Price trend
According to the analysis system of the commodity market of SunSirs, as of April 20th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,425 RMB/ton, which was a weak decline compared to the same period last week. The price had decreased by 0.91% compared to the same period last week. The overall market supply and demand were balanced, and shipments were smooth.
Analysis review
This week's DMF trend was weak and the purchasing atmosphere was average. As of the 20th, the mainstream price range was around 5400.00 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 to sell. The shipment was normal. The latest quotation from the manufacturer: Jinan Mingwei Chemical Co., Ltd. was 5,600 RMB/ton, Shandong Xiawei International Trade Co., Ltd. was 5,300 RMB/ton, and Jinan Yingsen Chemical Co., Ltd. was 5,300 RMB/ton.
Chemical index: On April 19, the chemical index was 909 points, a decrease of 1 point from previous day, a decrease of 35.07% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 52.01% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Market outlook
SunSirs DMF analysts believe that the market of DMF will mainly operate stably in the short term.
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