SunSirs: DMF Market Conditions Were Mainly Stable (August 10-17)

Price trend

According to the data monitored by SunSirs, as of August 17, the quotation of high-quality DMF products of domestic DMF enterprises was 10800.00 RMB/ton, and the DMF price was mainly running smoothly. Compared with the price at the beginning of the week, there was no significant change in the price of the DMF market , and the DMF market was mainly stable in the short term.

Analysis review

As of August 17, the domestic DMF price was running smoothly, the mainstream price range was 11,000 RMB/ton, the transaction atmosphere was acceptable, the negotiation atmosphere was positive, the manufacturers shipped smoothly, the downstream just needed procurement, and the logistics was smooth. The latest quotation from the manufacturer: the DMF price of Jinan Qichen Chemical Co., Ltd. was 10,800 RMB/ton, the DMF price of Shandong Zhiying New Materials Co., Ltd. was 10,800 RMB/ton, the DMF price of Jinan Hengtong Chemical Co., Ltd. was 10,800 RMB/ton, the DMF price of Jinan Jutai Chemical Co., Ltd. was 10,800 RMB/ton, and the DMF price of Shandong Chengze Chemical Co., Ltd. was 10,800 RMB/ton.

Upstream methanol: The domestic methanol market has a slight upward trend, but the stamina is insufficient and the upward trend is weak. The main reasons are the following two aspects: one is the obvious decline in costs and the weakness of chemical coal in the pit; the other is that the demand continues to be weak and the market confidence is insufficient.

Chemical Commodity Index: On August 16, the chemical index was 952 points, a decrease of 4 points from previous rday, a decrease of 32.00% from the highest point in the cycle of 1,400 points (2021-10-23), and a decrease of 59.20% 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, with a price around 10,800 RMB/ton.

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