Price trend

According to data monitored by SunSirs, as of July 27th, the average price of premium DMF quoted by domestic DMF enterprises was 4,725 RMB/ton. This week, the DMF price rose narrowly, with a weekly increase of 3.85%. As of July 27th, the mainstream price was around 4,700 RMB/ton.

Analysis review

This week, the overall DMF market saw a narrow upward trend, with prices increasing by 3.85% compared to the same period last week. As of July 27th, the mainstream price range was around 4,700.00 RMB/ton, and the downstream procurement atmosphere was average. Upstream cost support was insufficient, and shipments were slow. Manufacturers were giving up profits for sales, and inventory was at high levels. Manufacturer's quotation: Shandong Chengyang New Materials Co., Ltd. quoted 4,550 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. quoted 5,000 RMB/ton, Jinan Dezheng Chemical Co., Ltd. quoted 4,650 RMB/ton.

Chemical Index: On July 26th, the chemical index stood at 834 points, an increase of 4 points compared to the previous day, a decrease of 40.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 39.46% 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 with a stronger trend.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.