Price trend

According to data monitored by SunSirs, as of January 14th, the average quotation price of domestic high-quality DMF from DMF enterprises was 4,260 RMB/ton. Recently, DMF prices have been mainly strong, with a narrow upward trend, and the overall market supply and demand were balanced.

Analysis review

DMF prices remained stable and were approaching the end of the year. Downstream demand for DMF was average, and the overall market was running slowly, with rigid procurement as the main focus and high inventory levels. The overall market was mainly fluctuating, with a slight shift upward.

In terms of cost, there was a clear contradiction between methanol supply and demand, with methanol prices operating in a narrowly stronger range, resulting in an increase in operating rates. Downstream losses have intensified, and the load of methanol plants has been affected. The decline in international methanol supply has driven up domestic methanol prices, resulting in sluggish downstream consumption of methanol and slow overall market output.

Market outlook

DMF analysts from SunSirs believe that the DMF market is expected to operate to be stronger narrowly in the short term, with limited upward potential.

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