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SunSirs: After the Holiday, the DMF Market Goes Up All the Way and Inventory Is in Short Supply

February 23 2021 16:02:03     SunSirs (John)

Price trend

According to the data monitored by SunSirs, as of February 22, the average price of domestic premium DMF quotations was 9,966.67 RMB/ton. After the holiday, DMF prices have risen all the way, and the atmosphere of discussions is positive. Enterprises have resumed work and production, shipments have been smooth, logistics have resumed, and the overall market has shown an upward trend.

Analysis review

The focus of the domestic DMF market is operating at a high level, the inventory continues to be low, the supply spot is tight, and the factory negotiated prices are not high. After the holiday, the demand has increased. The downstream follow-up is active. The mainstream methanol around Shijiazhuang in the upstream has stabilized to 2,000-2,100 RMB/ton, and the overall market is stable with a rise. As of the 22nd, the DMF reference price was 10,000-10,150 RMB/ton in the East China market and 10,300-10,500 RMB/ton in the South China market.

On February 21, the chemical index was 924 points, the same as previous day, a decrease of 9.06% from the highest point of the cycle at 1,016 points (2012-03-13), and an increase of 54.52% 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 all companies resume work and production, and the market atmosphere is positive after the holiday, and it will maintain an upward trend in the short term.

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