Price trend
According to data monitored by SunSirs, as of November 7th, the average price of domestic premium DMF quoted by domestic DMF enterprises was 4,750 RMB/ton. This week, the DMF price fell sharply, with a decrease of 1.04%. As of November 7th, the mainstream price was around 4,700 RMB/ton.
Analysis review
The overall DMF market experienced a narrow decline this week, with prices falling by 1.04% compared to the same period last week. As of November 7th, the mainstream price range was 4,700.00 RMB/ton, and the downstream procurement atmosphere was average. There was insufficient demand, and upstream cost support was average. As of November 7th, manufacturers were shipping smoothly, and they were giving up protis. The latest quotation from the manufacturer: Nantong Runfeng Petrochemical Co., Ltd. quoted 4,700 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. quoted 5,200 RMB/ton, and Shandong Hanyue Chemical Co., Ltd. quotes 5,500 RMB/ton.
Chemical Index: On November 6th, the chemical index stood at 866 points, a decrease of 1 point from the previous day, a decrease of 38.14% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.82% 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 the market price of DMF will remain around 4,700 RMB/ton in the short term.
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