Price trend

According to data monitored by SunSirs, as of September 19th, the average price of domestic premium DMF quoted DMF enterprises was 5,100 RMB/ton. This week, DMF prices were mainly rising, with the mainstream price around 5200 RMB/ton as of September 19th.

Analysis review

The overall DMF market was operating steadily this week, with no significant price changes compared to the same period last week. As of September 19th, the mainstream price was 5100.00 RMB/ton, and the downstream procurement atmosphere was average. The upstream cost support was insufficient, and shipments were slow. Manufacturers gave up profits for sales, and inventory levels were high. Manufacturer's quotation: Jinan Jinrihe Chemical Co., Ltd. offered 5,700 RMB/ton, Jinan Dezheng Chemical Co., Ltd. offered 6,100 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. offered 6,240 RMB/ton.

Chemical Index: On September 18th, the chemical index stood at 969 points, an increase of 2 points compared to the previous day, a decrease of 30.79% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 62.04% 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

DMF Analysts of SunSirs believe that the DMF market will operate steadily in the short term.

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