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SunSirs: DMF Market Conditions Were Mainly Stable (August 22-26)
August 26 2022 14:04:32SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of August 26, the average price of high-quality DMF products of domestic DMF enterprises is 10,800.00 RMB/ton, and the DMF price is running smoothly. Compared with the price at the beginning of the week, there is no obvious change. In the short term, the DMF market is mainly stable.

Analysis review

As of August 26, the domestic DMF price has been running smoothly. At present, the mainstream price range is 11,000 RMB/ton. The transaction atmosphere is acceptable, the negotiation atmosphere is positive, the manufacturer's shipments are smooth, the downstream just needs to purchase mainly, and the logistics is smooth. The latest quotations from manufacturers: the DMF price of Jinan Qichen Chemical Co., Ltd. is 10,800 RMB/ton, the DMF price of Shandong Zhiying New Materials Co., Ltd. is 10,800 RMB/ton, the DMF price of Jinan Hengtong Chemical Co., Ltd. is 10,800 RMB/ton, the DMF price of Jinan Jutai Chemical Co., Ltd. is 10,800 RMB/ton, and the DMF price of Shandong Chengze Chemical Co., Ltd. is 10,800 RMB/ton.

Upstream methanol: From August 15th to 22nd, the average domestic methanol market price fell from 2,462 RMB/ton to 2,458 RMB/ton, first falling and then rising, showing a trend of recovery. During the cycle, the price decreased by 0.15%, the price increased by 0.46% month-on-month, and decreased by 4.61% year-on-year.

Chemical Commodity Index: On August 25, the chemical index was 944 points, the same as previous day, down 32.57% from the highest point in the cycle of 1,400 points (2021-10-23), and up 57.86% from the lowest point of 598 points on April 08, 2020. (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, with a price range of 10,800 RMB/ton.

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