SunSirs: DMF Market Prices Have Risen this week (November 28-December 6)
December 06 2024 14:53:05 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 6th, the average quotation price of domestic high-quality DMF enterprises was 4,300 RMB/ton. DMF prices continues to rise this week, with prices increasing from 4,140 RMB/ton in the same period last week to the current 4,300 RMB/ton, an increase of 3.86%.
Analysis review
This week, DMF prices have continued to rise, with a current price increase of 3.86% compared to the same period last week. The atmosphere of entering the market for DMF is positive, which can improve the transaction atmosphere in the DMF market. Manufacturers mainly serve contract customers and ship in order. Currently, the inventory of enterprises is low, and prices are running steadily. In the short term, the upward momentum of DMF prices is obvious and will continue to be strong.
In terms of cost: There is no pressure on the upstream methanol supply side, while downstream enterprises have lower profits and poor purchasing sentiment. Currently, methanol enterprises are shipping smoothly and inventory is not under pressure, with a focus on price boosting operations. Downstream operating rates are average, and demand is weak. The overall methanol market prices have been weak this week, providing little support for DMF cost side.
Market outlook
DMF analysts from SunSirs believe that currently DMF inventory is running at a low level, the market transaction atmosphere is good, and prices continue to be strong. It is expected that the DMF market will maintain its current trend in the short term.
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