Price trend

According to data monitored by SunSirs, as of July 11th, the average quotation price of domestic high-quality DMF of DMF enterprises was 4,250 RMB/ton. The DMF market price was mainly weak, with an overall price drop of 2.07%. As of July 11th, the mainstream price was around 4,300 RMB/ton, and the overall market supply and demand were balanced. Enterprises mainly offered discounts to take orders, and the overall market negotiation focus was stable.

Analysis review

The overall market price of DMF was mainly operating in a narrow range and weaker trend. As of July 11th, downstream demand was poor, with a mainstream price range of 4,300 RMB/ton. Manufacturers were actively shipping and logistics were smooth, but downstream demand was weak. As of July 11th, the cost side of DMF had slight support, and it will maintain stable and stronger operation in the near future. Downstream enterprises purchased on demand. Latest quotes from manufacturers: Shandong Yihe Fine Chemical Co., Ltd. offered 4,000 RMB/ton, Liaocheng Runheng Chemical Trading Co., Ltd. offered 4,000 RMB/ton, and Jinan Dezheng Chemical Co., Ltd. offered 4,050 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that the DMF market will maintain its current trend in the short term, 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.