Price trend

According to data monitored by SunSirs, as of October 31st, the average quotation price of domestic premium DMF enterprises was 4,240 RMB/ton, an increase of 2.91% compared to the beginning of this month. The overall price in October showed a continuous upward trend, with some manufacturers undergoing maintenance and insufficient spot supply on site. The demand side was normal, but the supply side was slightly tight. As of October 31st, the mainstream market price was around 4,300 RMB/ton.

Analysis review

The domestic DMF prices had shown a slight upward trend in the month, with an increase in equipment maintenance and a decrease in on-site supply sources. At the end of October, there was a good atmosphere for upstream liquid ammonia product transactions, and prices continued to rise. Enterprises had gradually resumed production, and the manufacturer's quotations had increased. Downstream demand was still acceptable, and shipments were normal. The liquid ammonia supply in Jiangsu was limited, and the market had risen significantly. The mentality was positive, and prices were running steadily. As of October, the enterprise quotations were: Shandong Hongshuo Chemical Technology Co., Ltd. 4,250 RMB/ton, Jinan Jiaxing Chemical Co., Ltd. 4,250 RMB/ton, Shandong Yushuo Chemical Co., Ltd. 4,300 RMB/ton, and Jinan Jinrihe Chemical Co., Ltd. 4,250MB/ton.

Market outlook,,

DMF analysts from SunSirs believe that DMF is expected to maintain its current trend in the short term, with a focus on stable operation and a narrow range of strength.

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