Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 26th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,125 RMB/ton, a slight decrease of 4.21% compared to the same period last week. As of May 26th, the overall market supply and demand were balanced, and the overall market was narrowly weakened, with smooth shipments.

Analysis review

This week's DMF trend was weaker, with a slight decline in prices compared to the same period last week. The purchasing atmosphere was average, and as of the 26th, 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 make profit-cutting for sales. Shipping was normal. The latest quotation from the manufacturer: 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 25th, the chemical index stood at 863 points, a decrease of 3 points from the previous day, a decrease of 38.36% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.31% 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 mainly operate stably, with a narrow range weaker operation.

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