Price trend

According to the monitoring data of SunSirs, as of February 15th, DMF market reached 5,450 RMB/ton in Zhejiang, 5,700 RMB/ton in Guangdong, 5,375 RMB/ton in Jiangsu, 4,900 RMB/ton in Luxi Chemical Industry, 5,300 RMB/ton in Hualu Hengsheng and 5,050 RMB/ton in Zhangqiu RiYue. The market has been sorted out in a narrow range, and the restart time of plant equipment is not clear, mainly waiting for the event turning point.

Analysis review   

Product: The domestic DMF market continues to run in the range of consolidation. Affected by the epidemic, the downstream factories are still slow to return to work. The logistics and transportation control in East China and South China are relatively strict, so it is difficult to increase the speed of DMF factory's inventory. Traders have a short mind, few new orders are heard in the market, and the overall wait-and-see mood remains unchanged. DMF's cost pressure is temporarily weak. The factory continues to control the volume and sort out, and sporadically delivers early orders. Logistics factors remain.

Industry chain: After the festival, the upstream methanol enterprises were slow to return to work. Although the domestic methanol enterprises started to work less, the methanol market is still in a pattern of oversupply, especially in the northwest region where methanol needs to be exported in large quantities. The factory inventory gradually increased and the sales pressure became prominent. This week, the price in Inner Mongolia fell to 1,400-1,530 RMB/ton, some of which fell by about 250 RMB/ton.

Industry: On February 14, the chemical industry index was 720 points, up 1 point from the previous day, down 29.13% from 1016 points (2012-03-13), the highest point in the cycle, and up 20.00% from 600 points, the lowest point on January 31, 2016. (Note: cycle refers to 2011-12-01 to now)

Market outlook

DMF analysts believe that: the domestic DMF market volatility is limited, continue to focus on downstream rework.

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