SunSirs: Ushering in Good News, DMF Market Prices Pushed Up

Price trend

According to the data monitored by SunSirs, as of March 24, the average price of domestic premium DMF quotations was 10,450.00 RMB/ton.

Analysis review

The focus of the domestic DMF market is mainly stable, and the overall trend is steadily rising. Individual companies have slightly increased, up 4.15% compared to the same period last week, and prices have increased 2.79% compared to the same period last month. The atmosphere of negotiation is general and the atmosphere of waiting is strong. The shipment is smooth and the supply is normal.

Recently, there has been news of overhaul. Many chemical companies have concentrated on overhauls, and some companies have stopped production or reduced production. At present, the domestic DMF market is mainly digested and sorted, and the price is slightly upward. The downstream wait-and-see atmosphere is strong, mainly for just-needed purchases, the overall market is cautious, and the upstream methanol transaction atmosphere is general. The current reference price of DMF is 10,700-10,850 RMB/ton for the East China market and 10,900-11,000 RMB/ton for the South China market.

Chemical commodity index: On March 23, the chemical index was 1016 points, a decrease of 3 points from previous day, a decrease of 3.15% from the highest point in the cycle of 1049 points (2021-03-10), and a decrease of 69.90% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)

Market outlook

According to DMF analysts of SunSirs, DMF is mainly digested and sorted out. In the next month, chemical companies are about to usher in the maintenance season, facing production suspension and production cuts. DMF is expected to maintain a steady rise in the short term, and the possibility of price increases is not ruled out.

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