SunSirs: DMF Market Conditions Were Mainly Based on Stable Operation (June 20-23)

Price trend

According to the data monitored by SunSirs, as of June 23, the average price of domestic high-quality DMF enterprises' quotations was 12,700.00 RMB/ton, and the DMF price was running smoothly. Compared with the price at the beginning of the week, there was no obvious change in the price, and the DMF market was mainly stable in the short term.

Analysis review

As of June 23, the domestic DMF price was running smoothly, the mainstream price range was 12,500-13,000 RMB/ton, the transaction atmosphere was acceptable, the negotiation atmosphere was positive, the manufacturers shipped smoothly, the downstream just needed procurement mainly, and the logistics was smooth. Manufacturer's latest DMF quotation on the 23rd: Jinan Qichen Chemical Co., Ltd. 12,700 RMB/ton, Shandong Zhiying New Material Co., Ltd. 12,700 RMB/ton, Jinan Hengtong Chemical Co., Ltd. 12,700 RMB/ton, Jinan Jutai Chemical Co., Ltd. 12,700 RMB/ton , Shandong Chengze Chemical Co., Ltd. 11,800 RMB/ton.

Upstream methanol: As of June 20, the domestic methanol market fluctuated within a narrow range, and the price was relatively up, first rising and then falling, mainly due to the improvement in market demand and the rise in receiving prices. However, after the methanol futures market fell in the middle of the week, the transaction atmosphere became weaker, and the domestic methanol spot market atmosphere became light, and the price fell slightly.

Chemical Commodity Index: On June 23, the chemical index was 1,181 points, down 4 points from previous day, down 15.64% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 97.49% from the lowest point of 598 points on April 08, 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 around 12,700 RMB/ton.

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