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SunSirs: DMF Market Conditions Were Mainly Based on Stable Operation
July 20 2022 11:05:36SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of July 19, the average price of DMF quotations of domestic enterprises for high-quality products was 11,250.00 RMB/ton, and the price of DMF rose slightly compared with the price at the beginning of the week. It is expected that the DMF market will be stable in the short term.

Analysis review

As of July 19, the domestic DMF price was running smoothly, the mainstream price range was 11,000-12,000 RMB/ton, the transaction atmosphere was acceptable, the negotiation atmosphere was positive, the manufacturer's shipment was smooth, the downstream purchased just on demand mainly, and the logistics was smooth. The latest quotation from manufacturers: DMF price of Jinan Qichen Chemical Co., Ltd. was 12,700 RMB/ton, DMF price of Shandong Zhiying New Material Co., Ltd. was 10,700 RMB/ton, DMF price of Jinan Hengtong Chemical Co., Ltd. was 10,700 RMB/ton, Jinan Jutai Chemical Co., Ltd. The DMF price of Co., Ltd. was 10,700 RMB/ton, and the DMF price of Shandong Chengze Chemical Co., Ltd.was 10,800 RMB/ton.

Upstream methanol: The domestic methanol market was sluggish and the decline slowed down. In the main terminal market, the price of receiving goods in the northern region of Shandong dropped simultaneously. The raw material inventory of the local downstream factories was high.

Chemical Commodity Index: On July 18, the chemical index was 1,040 points, a decrease of 5 points from previous day, a decrease of 25.71% from the highest point in the cycle of 1,400 points (2021-10-23), and a decrease of 73.91% from the lowest point of 598 points on April 08, 2020. Point rose. (Note: The cycle refers to 2011-12-01 to the present)

Market outlook

The DMF analyst of SunSirs believes that the DMF market will run smoothly in the short term, and the price will be around 11,000 RMB/ton.

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