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DMF Market Conditions Were Mainly Stable (September 1-7)
September 08 2022 08:58:01SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of September 07, the average price of DMF quotations of domestic DMF enterprises for high-quality products was 10,275.00 RMB/ton, down 3.29% from the price on September 1. DMF prices were mainly running in a narrow range and weak. It is expected that the DMF market will be stable in the short term, with a narrow decline.

Analysis review

As of September 7, the domestic DMF price was running smoothly, the mainstream price range was 10,200 RMB/ton, the transaction atmosphere was acceptable, the negotiation atmosphere was general, the manufacturer made profit-cutting to sell, the shipment was smooth, and the downstream just purchased on demand mainly. The latest quotation from the manufacturer: the DMF price of Shandong Yushuo Chemical Co., Ltd. was 10,000 RMB/ton, the DMF price of Shandong Lifeda Fine Chemical Co., Ltd. was 10,000 RMB/ton, the DMF price of Jinan Qichen Chemical Co., Ltd. was 10,000 RMB/ton, the DMF price of Jinan Baida Chemical Co., Ltd. was 10,000 RMB/ton, and the DMF price of Liaocheng Qianze Chemical Products Co., Ltd. was 10,000 RMB/ton.

Upstream methanol: As of September 6, the methanol price of enterprises in southern Shandong was concentrated around 2,700 RMB/ton, and the price of some local methanol in Linyi was around 2,760-2,780 RMB/ton. The ex-factory quotation of methanol from enterprises in central and eastern Shandong was around 2,680-2,730 RMB/ton.

Chemical Commodity Index: On September 6, the chemical index was 956 points, an increase of 1 point from previous day, a decrease of 31.71% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 59.87% from the lowest point of 598 points on April 8, 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, and the price range is 10,200 RMB/ton.

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