SunSirs: The DMF Market Was Mainly Running in a Weak Situation (September12-16)

Price trend

According to the data monitored by SunSirs, as of September 19, the average price of domestic DMF enterprises' high-quality DMF quotations was 9,500.00 RMB/ton, down 7.54% from the same period last week. The overall DMF market price was mainly running in a narrow range. It is expected that the DMF market will be stable and decline in a narrow range in the short term.

Analysis review

As of September 19, the domestic DMF price was running smoothly, the mainstream price range was 9,500 RMB/ton, the transaction atmosphere was acceptable, the negotiation atmosphere was general, the manufacturers make profits-cutting to sell, the shipment was smooth, and the downstream just needed to purchase mainly. The latest quotation from manufacturers: the DMF price of Shanghai Ronghe Chemical Co., Ltd. was 9,000 RMB/ton, the DMF price of Shandong Shengxu Energy Co., Ltd. was 9,500 RMB/ton, the DMF price of Jinan Mingwei Chemical Co., Ltd. was 10,000 RMB/ton, the DMF price of Nantong Runfeng Petrochemical Co., Ltd. was 9,000 RMB/ton, and the DMF price of Shandong Yushuo Chemical Co., Ltd. was 9,000 RMB/ton.

Upstream methanol: As of September 16, the price of methanol in domestic East China ports was 2,770 RMB/ton, up 1.79% from the previous trading day, up 12.69% month-on-month, and down 9.40% year-on-year. On September 16, the closing price of MA2301, the main methanol futures contract on Zhengzhou Commodity Exchange, was 2,749 RMB/ton, an increase of 0.66%.

Chemical Commodity Index: On September 18, the chemical index was 970 points, the same as the previous day, down 30.71% from the highest point in the cycle of 1,400 points (2021-10-23), and up from the lowest point of 598 points on April 08, 2020 62.21%. (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 9,500 RMB/ton.

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