Price trend

According to data monitored by SunSirs, as of January 12th, the average price of premium DMF quoted by domestic DMF enterprises was 4,750.00 RMB/ton. This week, the DMF price fell by 2.06%, and the overall trend was stable but weaker. As of January 12th, the mainstream price was around 4,700 RMB/ton, and the overall market supply and demand were balanced.

Analysis review

This week, the overall DMF market was mainly operating in a narrowly weaker range, with prices falling by 2.06% compared to the same period last week. As of January 12th, the mainstream price range was 4,700.00 RMB/ton, and the downstream procurement atmosphere was cold and the negotiation atmosphere was poor. The upstream cost support was weak, and there was a lack of positive support. As of January 12th, manufacturers were operating under pressure, with manufacturers mainly offering discounts for sales, resulting in slow shipments. Latest quotes from manufacturers: Shandong Jinshengrun Chemical Co., Ltd. quoted 4,600 RMB/ton, Wuhan Hengjiu Chemical Co., Ltd. quoted 4,900 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. quoted 4,450 RMB/ton.

Chemical index: On January 11th, the chemical index was 867 points, a decrease of 4 points from the previous day, a decrease of 38.07% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.98% 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 4,800 RMB/ton.

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