SunSirs: Supply Side Is Tight, and DMF Price Increases
August 05 2021 14:45:59 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of August 4, the average price of domestic premium DMF from companies was 13,400.00 RMB/ton. Recently, the market price of DMF has risen. Compared with the same period last week, the price increased by 2.88%, and the price has increased by 22.94% compared with the same period of last month. At present, the overall trend of DMF is relatively strong.
Analysis review
Recently, DMF has been operating at a high level, and prices have continued to rise. The spot supply is tight, the transaction atmosphere is positive, downstream just purchases on demand, contract customers are actively delivering, and the number of new orders has also increased. At present, the Anyang device is operating at low load, some small devices are overhauled, and the devices of other manufacturers are operating normally. The current mainstream price range is 13,500-14,000 RMB/ton.
The upstream methyl alcohol is mainly operating stably, the manufacturer's quotation is stable, the replenishment is just on demand, and the fluctuation is limited. The previous trend is maintained in the short term, and the contract customers are the main customers.
On August 4, the chemical index was 1,120 points, which was the same as yesterday, setting a new historical high in the cycle, which was an increase of 87.29% 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 the DMF is expected to run at a high level in the short term, and the price will increase.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 2024-03-15 SunSirs: DMF Market Slightly Rose (March 7-14)
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