Price trend

According to data monitored by SunSirs, as of August 14th, the average price of premium DMF products quoted by domestic DMF enterprises was 4,700 RMB/ton. This week, the DMF price rose narrowly, rising by 0.53% in one week. As of August 14th, the mainstream price was around 4,700 RMB/ton.

Analysis review

This week, the overall DMF market saw a narrow upward trend, with prices increasing by 0.53% compared to the same period last week. As of August 14th,the mainstream price range was 4,700.00 RMB/ton, and the downstream procurement atmosphere was average. The upstream cost support was insufficient, and shipments were slow. Manufacturers were giving up profits for sales, and the inventory levels were high. Manufacturer's quotation: Liaocheng Yuze Chemical Products Co., Ltd. 4,850 RMB/ton, Qingdao Hefeng Chemical Co., Ltd. 4,750 RMB/ton, and Zhongyin New Materials (Shandong) Co., Ltd. 4,850 RMB/ton.

Chemical Commodity Index: On August 13th, the chemical index stood at 874 points, unchanged from the previous day, a decrease of 37.57% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 46.15% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

SunSirs’ DMF analysts believe that in the short term, the DMF market will be stable with a stronger trend.

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