SunSirs: The DMF Market Experienced a Narrow Decline (November 5-12)
November 13 2024 09:21:47 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of November 12th, the average quotation price of domestic high-quality DMF enterprises was 4,180 RMB/ton, a narrow decline compared to the same period last week, and a 1.18% decrease compared to the same period last week. As of November 12th, the overall market center was weak, and overall market shipments were slow. The mainstream market price was around 4,100 RMB/ton, and inventory was running at a low level.
Analysis review
This week, the overall market price of DMF remained stable, with prices maintained at around 4,100 RMB/ton. As of November 12th, the market trend was weak, with mainstream prices ranging from 4,100-4200 RMB/ton. Downstream procurement was active, and DMF cost support was insufficient. Inventory was running at a high level. The latest quotes from manufacturers were: 4,000 RMB/ton for Liaocheng Yuanze Chemical Products Co., Ltd., 4300 RMB/ton for Shandong Aite Chemical Co., Ltd., and 3850 RMB/ton for Jinan Dezheng Chemical Co., Ltd.
Market outlook
DMF analysts from SunSirs believe that DMF is expected to maintain a weaker trend in the short term, with mainstream prices around 4,100-4,200 RMB/ton.
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