Price trend

According to the data monitored by SunSirs, as of May 7, the average price of domestic high-quality DMF of enterprises was 12,700.00 RMB/ton. This week, the price of DMF was weak, and the price fell by 0.78% compared with the same period last week. In the short term, the DMF market is mainly running smoothly.

Analysis review

As of May 7, the domestic DMF price was weak, down 0.78% compared with the same period last week, and the mainstream price range was 13,000-13,200 RMB/ton. The transaction atmosphere was acceptable, the negotiation atmosphere was positive, the manufacturers shipped smoothly, and the downstream just needed to purchase mainly, and the logistics was smooth.

The latest quotations from manufacturers: The DMF price of Aite (Shandong) New Materials Co., Ltd. was 13,000 RMB/ton, the DMF price of Jinan Jutai Chemical Co., Ltd. was 13,000 RMB/ton, the DMF price of Shandong Zhiying New Materials Co., Ltd. was 13,000 RMB/ton, the DMF price of Jinan Jinrihe Chemical Co., Ltd. was 13,000 RMB/ton, and the DMF price of Jinan Hengtong Chemical Co., Ltd. was 13,000 RMB/ton.

Upstream methanol, as of May 5, the average price of domestic methanol producers was 2,712 RMB/ton, down 1.18% from the previous working day and up 5.96% year-on-year. On May 5th, the methanol futures of Zhengzhou Commodity Exchange were strong and volatile. The main contract MA2209 closed at 2,784 RMB/ton in late trading, up 75 RMB/ton or 3.46% from the previous close.

Chemical Commodity Index: On May 7, the chemical index was 1,177 points, a decrease of 1 point from previous day, a decrease of 15.93% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 96.82% from the lowest point of 598 points onn 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 strongly.

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