Price trend

According to data monitored by SunSirs, as of December 26th, the average price quoted by domestic premium DMF enterprises was 4,775.00 RMB/ton. This week, DMF prices had weakened and declined by 0.53%, an increase of 1.6% compared to the same period last week. As of December 26th,  the mainstream price was around 4,700 RMB/ton.

Analysis review

This week, the overall DMF market was mainly stronger, with a price increase of 1.6% compared to the same period last week. As of December 26th, the mainstream price range was 4,700.00 RMB/ton. The downstream procurement atmosphere was average, and the negotiation atmosphere was still good. The upstream cost support was weak, and there was a lack of positive support. As of December 26th, manufacturers were operating under pressure, and they were offering discounts to take orders, resulting in smooth logistics. Latest quotes from manufacturers: Qingdao Chengxin Hongfeng Chemical Co., Ltd. quoteed 4,900 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 4,800 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. quoted 4,450 RMB/ton.

Chemical index: On December 25th, the chemical index was 879 points, an increase of 3 points from the previous day, a decrease of 37.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.99% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs, DMF analysts believe that in the short term, the DMF market will maintain a stable, and stronger operation, with prices remaining around 4,700 RMB/ton.

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