SunSirs: DMF Market Prices Had Been Weak This Week (November 14-21)

Price trend

According to data monitored by SunSirs, as of November 21st, the average quotation price of high-quality DMF from enterprises in China was 4,160 RMB/ton. This week, the DMF market had slightly declined, with prices dropping by 0.48% compared to the same period last week. As of November 21st, the overall market focus of DMF was weak, and operators had a cautious purchasing mentality. The mainstream market price was around 4,100 RMB/ton, with manufacturers mainly offering discounts and taking orders at low inventory levels.

Analysis review

This week, the overall market price of DMF had been running weakly with a narrow range, and the price had fallen sharply compared to the same period last week. The mainstream price remained around 4,100 RMB/ton, and the overall market trend was weak. The mainstream price range was around 4,100-4,200 RMB/ton, and inventory was running at a high level. The supply side was sufficient, and downstream procurement was active. As of November 21st, DMF cost support was insufficient, and inventory was running at a high level. Latest quotes from manufacturers: Shandong Aite Chemical Co., Ltd. 4,300 RMB/ton, Liaocheng Yuanze Chemical Products Co., Ltd. 3,900 RMB/ton, Shandong Hongshuo Chemical Technology Co., Ltd. 4,250 RMB/ton.

In terms of cost, the upstream methanol market had been operating steadily with small fluctuations this week, and some units had announced maintenance plans. As of November 21st, the trading atmosphere on site had improved. In the Kanto region, the methanol market was operating steadily, and inventory remained low. There was temporarily no pressure on inventory, and enterprises in Shanxi region were maintaining the previous shipment rate, with prices showing an upward trend.

Market outlook

DMF analysts from SunSirs believe that DMF is expected to maintain a weak trend in the short term, with little upward momentum. The mainstream price is around 4,100-4,200 RMB/ton.

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