Price trend

According to the data monitored by SunSirs, as of January 13, the average price of domestic premium DMF companies quoted at 8,300 RMB/ton, and the domestic DMF market price has increased widely, and the increase is as high as 600 RMB/ton in just a few days. The focus of discussion is on the high side.

Analysis review  

Domestic DMF market quotations are firm, negotiated prices are slightly increased, domestic DMF market prices are increased, traders are tightly stocked towards the end of the year, manufacturers are actively selling goods, logistics is smooth, the focus of negotiations is high, and the willingness to maintain prices is strong. The order volume has increased, the buying mentality still exists, and the inventory is normal. The mainstream price in East China is 8,400-8,600 RMB/ton, and the South China market is 8,700-8,800 RMB/ton.

The upstream methanol market is operating steadily as a whole. The price in Guangdong has risen slightly, the operating rate is normal, the Hualu area in Shandong has been operating stably, the south China, northeast China and southwest China areas have been operating stably, and the east China has a slight upward trend. In the short term, the methanol market will be focused on consolidation.

On January 12, the chemical index was 809 points, a decrease of 3 points from previous day, a decrease of 20.37% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 35.28% 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 be strong in the short term, the focus of negotiations will be high, and the negotiation atmosphere will be good.

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