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SunSirs: The Focus of the Domestic DMF Market Is High and DMF Price Is Rising
September 22 2020 11:18:09SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of September 21, the average price of domestic premium DMF companies was 7,033.33 RMB/ton. The domestic DMF market price remained high this week, and the market went up. Compared with the same period of last month, the price increased by 10.47%. Compared with the beginning of September, it has risen by 3.94%, compared with the same period last week, it has risen by 3.94%, an increase of 300 RMB/ton.

Analysis review

The DMF market is on the uptrend this week, downstream demand has increased, shipments have been smooth, replenishment has been active, the center of gravity has been firm, and the high position has moved upward. The current supply inventory is tight. As of September 21, Luxi Chemical's price was 7,100 RMB/ton, Zhangqiu Sun and Moon was 7,000 RMB/ton, Hualu Hengsheng was 7,000 RMB/ton, Shaanxi Xinghua was 7,000 RMB/ton, and the East China market price was 7,700-7,900 yuan. /Ton, the market price in South China was 7,900-8,100 RMB/ton.

Upstream methanol just needs to be purchased mainly, operating at a high level, prices are firm, and transaction orders are limited.

On September 21, the chemical index was 730 points, an increase of 3 points from previous day, a decrease of 28.15% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 22.07% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 till now)

Market outlook

The DMF analyst of SunSirs believes that the DMF market will operate at a high level in the short term, and it will mainly digest the previous increase.

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

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