Price trend

According to the analysis system of the commodity market of SunSirs, as of May 31st, the average price quoted by domestic premium DMF enterprises was 4,600 RMB/ton. In May, the DMF market price was mainly weak and downward, with the current mainstream price range in the market being around 4,600 RMB/ton. As of May 31st, the upstream cost support was average, and the downstream demand was average, with slow shipments. The overall market was temporarily dominated by supply-demand balance.

Analysis review

In terms of cost, the methanol market showed a narrowly stronger trend in May. In late May, the methanol market was weak and downward, with some units shutting down and insufficient demand follow-up. Downstream consumers were cautious and had a strong wait-and-see atmosphere.

Chemical index: On May 30th, the chemical index was 870 points, an increase of 1 point from the previous day, a decrease of 37.86% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 45.48% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

In summary, there was temporarily some cost support and insufficient follow-up from downstream demand. It is expected to maintain the trend in the short term, with mainstream prices around 4,800-5,000 RMB/ton.

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