Price trend

According to the data monitored by SunSirs, as of October 21, the average price of premium DMF offered by domestic DMF enterprises was 7,275.00 RMB/ton, down 7.62% compared with the same period last week. The overall DMF market price was mainly narrow and weak, and the price continued to decline. As of the 21st, the operating rate was stable, and the overall procurement atmosphere was average.

Analysis review

As of October 21, the domestic DMF price had been running smoothly, with the mainstream price at 7,275.00 RMB/ton, which continued to decline compared with the same period last week. The overall market negotiation atmosphere was general. The manufacturer made profit-cutting to sell. The shipment was smooth, the operating rate was stable and the downstream purchase just on demand mainly. Manufacturer's latest quotation: Jinan Hengtong Chemical Co., Ltd. DMF quotation was 8,640 RMB/ton, Nantong Runfeng Petrochemical Co., Ltd. DMF quotation was 7,200 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. DMF quotation was 8,000 RMB/ton, Zhongzhu New Materials (Shandong) Co., Ltd. DMF quotation was 7,000 RMB/ton, Jinan Jinhao Chemical Co., Ltd. DMF quotation was 9,900 RMB/ton, and Shanghai Ronghe Chemical Co., Ltd. DMF quotation was 7,000 RMB/ton.

Chemical commodity index: On October 20, the chemical index was 993 points, down 5 points from the previous day, down 29.07% from 1,400 points (2021-10-23), the highest point in the cycle, and up 66.05% from 598 points, the lowest point on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

Market outlook

The DMF analyst of SunSirs believes that the DMF market will operate stably and weakly in the short term, and the mainstream price will be around 7,500 RMB/ton.

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