Price trend

According to data monitored by SunSirs, as of August 29th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,100 RMB/ton. This week, the trend of DMF price was mainly upward, and the mainstream price was around 5,200 RMB/ton.

Analysis review

This week, the DMF market saw a narrow upward trend overall, with prices mainly stable compared to the same period last week. As of August 29th, 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. The latest quotation from the manufacturer: Shandong Jinshanrun Chemical Co., Ltd. offered a price of 5,500 RMB/ton, Shandong Xirui Chemical Co., Ltd. offered a price of 6,400 RMB/ton, and Jinan Aochen Chemical Co., Ltd. offered a price of 6,200 RMB/ton.

Chemical Index: On August 28th, the chemical index stood at 917 points, an increase of 10 points compared to the previous day, a decrease of 34.50% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 53.34% 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.