Price trend
According to data monitored by SunSirs, as of September 8th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,100 RMB/ton. This week, DMF prices were mainly rising, and as of September 8th, the mainstream price was around 5,200 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 September 8th, the mainstream price range was around 5,200 RMB/ton, and the downstream procurement atmosphere was average. Upstream cost support was insufficient, and shipments were slow. Manufacturers were offering discounts for sales, and inventory was running at high levels. 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 September 7th, the chemical index stood at 938 points, an increase of 4 points compared to the previous day, a decrease of 33.00% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 56.86% 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.
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