Price trend

According to data monitored by SunSirs, as of October 17th, the average price of premium DMF quoted by domestic enterprises was 5,250 RMB/ton. This week, the DMF price fell sharply, with a decrease of 1.87%.  As of October 17th, the mainstream price was around 5,200 RMB/ton.

Analysis review

This week, the overall DMF market experienced a narrow decline, with prices falling by 1.87% compared to the same period last week As of October 17th, the mainstream price range was 5,200.00 RMB/ton, and the downstream procurement atmosphere was average. There was insufficient demand, and upstream cost support was average. As of October 17th, manufacturers were shipping smoothly, and they were selling at a profit margin. The latest quotation from the manufacturer: Jinan Pulaihua Chemical Co., Ltd. quoted 6,000 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 5,400 RMB/ton, and Wuhan Jixin Yibang Biotechnology Co., Ltd. quoted 5,200 RMB/ton.

Chemical index: On October 16, the chemical index was 926 points, a decrease of 5 points from the previous day, a decrease of 33.86% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 54.85% 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

DMF analysts from SunSirs believe that in the short term, the DMF market will operate steadily and to be weaker.

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