SunSirs: DMF Market Trend Is Rising, and the Supply Is Tight
June 23 2021 14:05:50 SunSirs (John)
Price trend
According to the data monitored by the business agency, as of June 21, the average price of domestic premium DMF companies was 11,033.33 yuan/ton. The DMF market is trending up, price fluctuations are not large, the focus of negotiations is high, downstream negotiations are active, and inventory supply is tight.
Analysis review
DMF prices continue to rise, prices are operating at a high level, downstream is actively purchasing, and the willingness to stock up is strong. The inventory is currently operating at low levels and will maintain an upward trend in the short term. DMF prices have increased by 5.41% compared with the same period last week, and prices have increased by 3.12% compared with the same period last month. The increase is obvious. The upstream methanol is mainly operating stably, with just-needed replenishment mainly, with limited fluctuations, and the previous trend will be maintained in the short term..
On June 21, the chemical index was 1,041 points, an increase of 1 point from previous day, a decrease of 3.97% from the period's highest point of 1,084 points (2021-05-13), and an increase of 74.08% 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 the business agency believes that the DMF will maintain an upward trend in the short term.
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