Price trend

According to the data monitored by the business agency, as of March 18, the average price of domestic premium DMF companies was 4,900.00 RMB/ton, and the domestic DMF market was weak.

Analysis review   

Product: Domestic DMF manufacturers still have inventory pressure, and the merchants are actively shipping. With the release of public events, the delivery speed has increased. In the early stage, orders are mainly delivered, the number of new orders is limited, and the downstream just needs to purchase is mainly, and the wait-and-see atmosphere is not reduced.

Industrial chain: In the upstream methanol market, the negotiation was light and weak. Most enterprises mainly wait and see. Overseas public events continued to curb demand. The oil price plummeted to the lowest point in nearly four years. In the short term, methanol showed a weak decline.

In terms of industry: On March 17, the chemical index was 680 points, a decrease of 2 points from yesterday, and a decrease of 33.07% from the highest point of the cycle at 1016 points (2012-03-13), which was up 13.33% from the lowest point at 600 points on January 31, 2016. (Note: Period refers to 2011-12-01 to now)

Market outlook

SunSirs DMF analysts believe that the DMF market remains weak in short term.

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