Price trend

According to data monitored by SunSirs, as of April 22, the average price quoted by domestic premium DMF enterprises was 4,730 RMB/ton. DMF prices have remained stable this week, with no significant changes compared to the same period last week. As of April 22,he mainstream price was around 4,700-4800 RMB/ton, and the overall market supply and demand as balanced. Enterprises mainly offer discounts and take orders, with smooth logistics and stable negotiation focus.

Analysis review

This week, the overall market price of DMF had remained stable, with limited fluctuations compared to the same period last week. As of April 22, the mainstream price range was between 4,700-4,800 RMB/ton, and manufacturers were actively shipping with smooth logistics. as of April 22,there as some support for the cost of DMF, and it will continue to operate steadily with a moderate to strong trend in the near future. Downstream enterprises require procurement and operation. Latest quotation from the manufacturer: Qingdao Hefeng Chemical Co., Ltd. offered a price of 4,450 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. offered a price of 4,800 RMB/ton, and Shandong Jinshengrun Chemical Co., Ltd. offered a price of 4,450 RMB/ton.

Chemical index: On April 21, the chemical index was 862 points, unchanged from the previous day, a decrease of 38.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.15% from the lowest point of 598 points on April 8, 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 mainstream prices maintained at 4,700-4,800 RMB/ton.

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