Price trend

According to data monitored by SunSirs, as of October 20th, the average price of domestic premium DMF quoted by DMF enterprises was 5,250 RMB/ton. This week, the DMF price fell narrowly, with a decrease of 0.47%. As of October 20th, 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 0.47% compared to the same period last week. As of October 20th, 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 20th, manufacturers ere shipping smoothly, and they were selling at a profit-cutting. The latest quotation from the manufacturers: Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 6,500 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. quoted 5,200 RMB/ton, and Qingdao Chengxin Hongfeng Chemical Co., Ltd. quoted 4,900 RMB/ton.

Chemical Index: On October 18th, the chemical index stood at 919 points, a decrease of 2 points from the previous day, a decrease of 34.36% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 53.68% 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 from SunSirs believe that in the short term, the DMF market will be stable and weaker.

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