Price trend

According to the data monitored by SunSirs, as of June 9th, the average price of domestic premium DMF was 10,466.67 RMB/ton, which was 4.41% lower than the same period of last month, and 0.32% lower than the same period of last week. The market is operating weakly, the previous trend will be maintained in the short term, the focus of negotiations is weak, and downstream demand is flat.

Analysis review

The DMF market is mainly weak and stable. The overall market transaction atmosphere is flat. The downstream replenish just on demand and the shipment is slow. The current inventory is normal. The negotiation center is stable. The upstream methanol is mainly purchased on demand. The market is running smoothly and the fluctuation range is limited. The price of methanol in the Shandong central area market fell 30-40 RMB/ton to 2,170-2,190 RMB/ton, maintaining the previous trend in the short term.

The chemical index on June 8 was 1,037 points, an increase of 3 points from previous day, a decrease of 4.34% from the highest point in the cycle of 1,084 points (2021-05-13), and an increase of 73.41% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)

Market outlook

The DMF analyst of SunSirs believes that the DMF market is expected to be mainly stable in the short term, with narrow fluctuations.

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