Price trend

According to the data monitored by SunSirs, as of May 11, the average price of domestic premium DMF companies was 4,933.33 RMB/ton, which was an increase of 6.47% compared to the beginning of May. This week the domestic DMF market maintained a steady trend.

Analysis review   

Product: The domestic DMF market maintained a steady trend, with sufficient factory inventories, and manufacturers' quotations were mostly stable. Luxi Chemical's offer this week was 4,600 RMB/ton, Zhangqiu Riyue was 4,800 RMB/ton, Hualu Hengsheng 5,400 RMB/ton, the factory price was different, and the market was temporarily stable. As of May 11, the DMF market price has increased by 6.47% from the beginning of May, with a range of 300 RMB/ton. Due to the impact of domestic public events, the downstream demand of DMF is not good. The industry has a negative attitude. As the market's inventory is digested, there is no pressure on inventory in the short term, and there is limited room for increase, and always pay attention to downstream demand.

Industry chain:  With regard to upstream methanol, most of the operators hold a stable wait-and-see state, with orders and contracts as the mainstay, downstream purchases are just needed, the transaction atmosphere is general, and the methanol market is mainly in the short term.

Industry:The commodity price index (BPI) on May 10 was 719, unchanged from the former day, down 29.44% from 1019 (2012-04-10), the highest point in the cycle, and up 8.94% from 660, the lowest point on February 3, 2016. (Note: cycle refers to 2011-12-01 to now).

Market outlook

SunSirs DMF analysts believe that the short-term upside is limited and needs to continue to pay attention to downstream demand.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.