Price trend

According to data monitored by SunSirs, as of August 16th, the average quotation price of domestic high-quality DMF enterprises was 3,980 RMB/ton. This week, the DMF market price remained stable, and the overall price trend remained stable. As of August 16th, the mainstream price was around 3,900 RMB/ton, and the overall market supply and demand were balanced. Enterprises mainly offered discounts and orders, downstream demand was weak, and manufacturers were actively shipping.

Analysis review

This week, the overall market price of DMF remained stable, with no significant price fluctuations. As of August 16th, downstream demand was weak and shipments were slow. The mainstream price range was 3,900 RMB/ton, with manufacturers offering discounts and orders, resulting in meager profits. Downstream purchased mainly on demand. As of August 16th, the cost support for DMF was insufficient. Recently, there had been reports of maintenance from most manufacturers, and prices were trending upwards. Industry players were adopting a cautious and wait-and-see attitude. Manufacturer quotes: Shandong Hongyang Chemical Co., Ltd. 3,900 RMB/ton, Shandong Xiawei International Trade Co., Ltd. 4,000 RMB/ton, Shandong Hanyue Chemical Co., Ltd. 3,900 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that due to the continuous maintenance news of DMF enterprises in the recent times, it is expected that the DMF market price will have an upward trend in the short term, with the mainstream price remaining at 4,000 RMB/ton.

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