Price trend

According to the analysis system of the commodity market of SunSirs, as of April 23, the average price of premium DMF products quoted by domestic DMF enterprises was 5,425 RMB/ton, a slight increase of 0.46% compared to the same period last week. As of the 23rd, the overall market supply and demand were balanced. The overall market was stable and slightly stronger, and shipments were smooth.

Analysis review

This week, the DMF trend was stable and stronger, and the purchasing atmosphere was average. As of the 23rd, the mainstream price range was around 5,400 RMB/ton, the operating rate was mainly stable, the overall market supply and demand were balanced, and downstream purchases were made on demand. Merchants wre willing to make profit-cutting to sell, and shipments were normal. The latest DMF quotation from the manufacturer: 5,600 RMB/ton for Jinan Mingwei Chemical Co., Ltd., 5,300 RMB/ton for Shandong Xiawei International Trade Co., Ltd., and 5,300 RMB/ton for Jinan Yingsen Chemical Co., Ltd.

Chemical Index: On April 22, the chemical index stood at 907 points, unchanged from the previous day, a decrease of 35.21% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 51.67% 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 in the short term, DMF will be stable and slightly stronger.

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