Price trend

According to data monitored by SunSirs, as of August 24th, the average price of domestic premium DMF quoted by DMF enterprises was 4,700 RMB/ton. This week, DMF prices remained stable, with mainstream prices around 4,700 RMB/ton.

Analysis review

This week, the overall DMF market saw a narrow upward trend, with prices mainly stable compared to the same period last week. As of August 24th, the mainstream price range was 4,700.00 RMB/ton. The downstream procurement atmosphere was average, with insufficient upstream cost support and slow shipments. Manufacturers made profit-cuttings for sales, and inventory levels were high. Manufacturer's quotation: Liaocheng Yuze Chemical Products Co., Ltd. 4,850 RMB/ton, Qingdao Hefeng Chemical Co., Ltd. 4,750 RMB/ton, and Zhongyin New Materials (Shandong) Co., Ltd. 4,850 RMB/ton.

Chemical Index: On August 23, the chemical index stood at 896 points, an increase of 1 point compared to the previous day, a decrease of 36.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 49.83% 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, 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.