Price trend
According to the analysis system of the commodity market of SunSirs, as of March 28th, the average price quoted by domestic premium DMF enterprises was 4,700 RMB/ton. In March, the DMF market fluctuated and rose, with an overall price increase of 2.45%. As of March 28th, the cost side supported the market, and downstream demand was still acceptable. The overall market supply and demand were balanced.
Analysis review
In March, DMF prices were mainly on the rise, with some support from the upstream cost side and an increase in demand from downstream solvents. Market shipments were smooth and inventory was consumed normally. As of March 28th, production enterprises had decent profits, and the DMF market had strong market momentum with low inventory levels and limited production capacity. It is expected that in April, the supply of goods will remain tight, and the mainstream market price will be around 4,700 RMB/ton.
Market outlook
According to DMF analysts from SunSirs, there was temporarily some support on the upstream cost side, and downstream demand had increased. In addition, the inventory aspect was operating in a narrow range, and it is expected that the DMF market will maintain its previous trend in the short term, with a price range of around 4,700 RMB/ton.
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