Price trend

According to data monitored by SunSirs, as of October 25th, the average quotation price of domestic high-quality DMF enterprises was 4,240 RMB/ton, which had slightly increased by 0.47% compared to the same period last week. As of October 25th, the overall market focus was stable, and overall market shipments were slow. The mainstream market price was around 4,300 RMB/ton, and inventory was running at a low level.

Analysis review

This week, the overall market price of DMF remained stable, with prices maintained at around 4,300 RMB/ton. As of October 25th, the market trend was stronger, with the mainstream price range around 4,300 RMB/ton. Some manufacturers had undergone equipment maintenance, resulting in low on-site inventory and active downstream procurement. As of October 25th, DMF cost support was insufficient, and inventory was running at a high level. Latest quotes from manufacturers: 4500 RMB/ton for Guanjiuzhou (Shandong) Energy Technology Co., Ltd., 4,300 RMB/ton for Wuhan Hengjiu Chemical Co., Ltd., and 4,200 RMB/ton for Zhongyin New Materials (Shandong) Co., Ltd.

Market outlook

DMF analysts from SunSirs believe that DMF is expected to maintain a stronger trend in the short term, with mainstream prices around 4,300 RMB/ton.

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