Price trend

According to the data monitored by SunSirs, as of March 21, the average price of domestic high-quality DMF of enterprises was 15,000.00 RMB/ton, and the price was slightly lowered. Compared with the same period last week, the price fell by 3.23%, or about 500 RMB/ton. In the short term, the DMF market is mainly in the downward trend.

Analysis review

This week (3.14-3.20) the DMF market fell weakly, with an overall decline of 3.23%, and the focus of the negotiation was weak. The manufacturers were slow to ship, the inventory was general, the operating rate was normal, and the downstream just needed to purchase mainly. Manufacturers cut prices one after another, with a drop of 300-500 RMB/ton. The latest quotation from manufacturers: Jinan Yingsen Chemical Co., Ltd’s DMF quotation was 15,000 RMB/ton, Dongying Jinying Chemical Co., Ltd’s DMF quotation was 16,000 RMB/ton, Jinan Jinrihe Chemical Co., Ltd’s DMF quotation was 15,000 RMB/ton, Jinan Jinhao Chemical Co., Ltd’s DMF quotation was 16,400 RMB/ton, Shandong Chengze Chemical Co., Ltd’s DMF quotation was 15,000 RMB/ton, and Liaocheng Qinze Chemical Products Co., Ltd’s DMF quotation was 15,000 RMB/ton.

The upstream methanol was mainly weak and stable, traders had a strong wait-and-see atmosphere, and the demand side was weak. Supply was sufficient, shipments were slow, and methanol prices fell slightly in some regions.

Chemical Commodity Index: On March 20, the chemical index was 1,182 points, the same as previous day, down 15.57% from the highest point in the cycle of 1,400 points (2021-10-23), and up 97.66% from the lowest point of 598 points on April 08, 2020. (Note: The cycle refers to 2011-12-01 to the present)

Market outlook

The DMF analyst of SunSirs believes that in the short term, DMF is mainly running weakly, and there is a possibility of continued downward adjustment.

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