Price trend

According to data monitored by SunSirs, as of August 30th, the average price of premium DMF quoted by domestic enterprises was 5,100 RMB/ton. In August, DMF prices were mainly upward, with an overall increase of 7.94% in August. At the beginning of August, the price was 4,725 RMB/ton, and at the end of August, the price was 5,100 RMB/ton. As of August 30th, the supply side was stable and the operating rate was normal.

Analysis review

In August, the market price of DMF was mainly upward overall, with a slight increase in price. As of August 30th, the mainstream price range was 5,100.00 RMB/ton, and the downstream procurement atmosphere was average. Upstream cost support was insufficient, and shipments were slow. Manufacturers made profit-cuttings, and inventory levels were high. Latest quotation from the manufacturer: Shandong Xirui Chemical Co., Ltd. quoted 6,500 RMB/ton, Shandong Hongyang Chemical Co., Ltd. quoted 4,450 RMB/ton, and Wuhan Hengjiu Chemical Co., Ltd. quoted 5,900 RMB/ton.

Chemical Index: On August 29, the chemical index stood at 921 points, an increase of 4 points compared to the previous day, a decrease of 34.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 54.01% 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 stronger in a narrow range.

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