Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 12th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,400 RMB/ton, a slight decrease of 0.92% compared to the same period last week. As of the 12th, the overall market had a balanced supply and demand, with a stable and stronger operation, and smooth shipments.

Analysis review

This week's DMF trend was weaker, and the purchasing atmosphere was average. On the 12th, the mainstream price range was around 5,400 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 gave up profits to ship. The shipment was normal. The latest quotation from the manufacturers: Shandong Hongyang Chemical Co., Ltd. quoted 5,600 RMB/ton, Shandong Hongyang Chemical Co., Ltd. quoted 5,400 RMB/ton, and Jinan Hengtong Chemical Co., Ltd. quoted 5,050 RMB/ton.

Chemical Index: On May 11th, the chemical index stood at 890 points, a decrease of 5 points from the previous day, a decrease of 36.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 48.83% 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 the DMF market was mainly stable in the short term.

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