Price trend

According to data monitored by SunSirs, as of May 24th, the average price quoted by domestic premium DMF enterprises was 4,640 RMB/ton. This week, the DMF price was mainly weak compared to the same period last week, with a slight decrease in price. As of May 24th, the mainstream price was around 4,700-4,800 RMB/ton, and the overall market supply and demand were balanced. Enterprises mainly offered discounts for sales, and the overall market negotiation focus was stable.

Analysis review

This week, the overall market price of DMF was mainly operating in a narrow and weak range, with a weak downward trend compared to the same period last week. As of May 24th, the mainstream price range was 4,700-4,800 RMB/ton. Manufacturers were actively shipping, logistics were smooth, and downstream demand was insufficient. As of May 24th, the cost side of DMF was slightly supported, and it will maintain a stable and stronger operation in the near future. Downstream enterprises purchased on demand. Latest quotation from manufacturers: Jinan Dezheng Chemical Co., Ltd. offered a price of 4,200 RMB/ton, Jiangsu Pulesi Biotechnology Co., Ltd. offered a price of 4,500 RMB/ton, and Jinan Jiaxing Chemical Co., Ltd. offered a price of 4,300 RMB/ton.

Market outlook

SunSirs’ DMF analysts believe that in the short term, the DMF market will maintain its trend, with mainstream prices remaining at 4,700-4,800 RMB/ton.

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