Price trend

According to the data monitored by SunSirs, as of January 6th, the average price of domestic premium DMF companies was 8,033.33 RMB/ton, and the domestic DMF market price has slightly increased, with an increase of about 100 RMB/ton. The focus of the negotiation was high, the downstream just-needed purchases were the main focus, the transaction of new orders was slow, and the contract customers operated cautiously.

Analysis review  

The domestic DMF market quotation was strong, and the negotiated price was slightly increased. East China and North China increased to varying degrees, with an increase of about 100 RMB/ton. The reference price of the East China market was 7,850-8,050 RMB/ton, and the reference price of the North China market was 8,150-8,250 RMB/ton. , Manufacturers were actively selling, the focus of negotiation was high, the number of new orders was limited, contract customers operated cautiously and kept stable operation.

The upstream methanol market was operating steadily as a whole. Prices in Guangdong rose slightly, operating rates were normal, Shandong operated steadily, South China and Northeast China operated steadily, and East China had a slight upward trend. In the short term, the methanol market is mainly consolidated.

The chemical index on January 5 was 833 points, a decrease of 3 points from previous day, a decrease of 18.01% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 39.30% 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 domestic DMF market will rise steadily in the short term, with a strong consolidation and operation

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