SunSirs: DMF Prices Were Operating within a Narrow Range, Digesting the Previous Increase
December 10 2024 16:04:55 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 9th, the average quotation price of domestic high-quality DMF enterprises was 4,290 RMB/ton. On December 9th, the overall DMF market was weak and declining, with prices dropping by 0.23% compared to the previous day. The price was operating in a narrow and weak range, with a slight downward adjustment.
Analysis review
This week, DMF had undergone a narrow consolidation, with prices slightly falling. Some companies had lowered their prices one after another, and the supply side was stable. On the demand side, downstream purchases were mainly based on demand. The market was in a game of supply and demand, and the mentality of industry players was average, with a strong atmosphere of wait-and-see in the market.
In terms of cost: The upstream methanol supply and demand drive was average, and it will continue to operate narrowly this week. In terms of supply, the overall inventory of the methanol market was temporarily low, and downstream demand followed suit. Subsequent prices needed to continue to pay attention to macro news.
Market outlook
DMF analysts from SunSirs believe that DMF prices continued to rise for several days in the past few days and were temporarily in the stage of digestion and consolidation. It is expected that DMF will maintain its trend in the short term.
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