Price trend

According to data monitored by SunSirs, as of January 5th, the average price quoted by domestic premium DMF enterprises was 4,850.00 RMB/ton. This week, DMF prices remained stable, with limited room for price fluctuations. As of January 5th, the mainstream price was around 4,800 RMB/ton, and the overall market supply and demand were balanced.

Analysis review

This week, the overall DMF market has been operating steadily, with no significant price fluctuations compared to the same period last week. As of January 5th, the mainstream price range was 4,800.00 RMB/ton, and the downstream procurement atmosphere was average, with a good negotiation atmosphere. The upstream cost support was weak, and there was a lack of positive support. As of January 5th, manufacturers were operating under pressure, and they were offering discounts for sales and logistics was smooth. Latest quotes from manufacturers: Qingdao Chengxin Hongfeng Chemical Co., Ltd. quoted 4,900 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 4,800 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. quoted 4,450 RMB/ton.

Chemical index: On January 4th, the chemical index was 876 points, a decrease of 1 point from the previous day, a decrease of 37.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs’ DMF analysts believe that in the short term, the DMF market will maintain a stable, and stronger operation, with prices remaining around 4,800 RMB/ton.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.