Price trend

According to data monitored by SunSirs, as of July 12th, the average price of premium DMF quoted from domestic DMF enterprises was 4,625 RMB/ton. This week, DMF prices showed a narrow and weaker trend, falling by 2.12% in the week. As of July 12, the mainstream price was around 4,600 RMB/ton.

Analysis review

This week, the overall market performance of DMF was mainly weaker, with a price drop of 2.12% compared to the same period last week. As of July 12, the mainstream price range was 4,600.00 RMB/ton, and the downstream procurement atmosphere was average. The upstream cost support was insufficient, and shipments were slow. The manufacturer gave up profits to sell goods, and the inventory was running at a high level. Latest quotation from the manufacturer: Shandong Chengyang New Materials Co., Ltd. quoted 4,550 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. quoted 5,000 RMB/ton, and Jinan Dezheng Chemical Co., Ltd. quoted 4,650 RMB/ton.

Chemical Index: On July 11th, the chemical index stood at 807 points, an increase of 1 point compared to the previous day, a decrease of 42.36% from the highest point in the cycle of 1,400 points (2021-10-23), and a rise of 34.95% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

DMF analysts from SunSirs believe that in the short term, the DMF market will be stable and weaker.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.