Price trend

According to data monitored by SunSirs, as of February 24th, the average quotation price of domestic high-quality DMF from DMF enterprises was 4,280 RMB/ton. As of February 24th, the DMF market price was weakly declining, with a narrow downward adjustment.

Analysis review

The price of DMF was narrowly weaker. As of February 24th, downstream demand for DMF was average, with rigid procurement being the main focus. The market price trend was weaker, and the spot delivery price of DMF in Shandong and surrounding areas was reference 4,400 RMB/ton, while in Jiangsu and Zhejiang regions it was around 4,500 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that the DMF market is expected to operate to be weaker in the short term, with a slight decrease in prices.

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