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SunSirs: DMF Market Price Was Stable (March 17-24)
March 27 2023 10:49:07SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of March 24th, the average price quoted by domestic DMF enterprises for premium DMF products was 5,475 RMB/ton, which was stable compared to the same period last week. The overall market supply and demand were balanced, and the focus of negotiations was stable.

Analysis review

The DMF trend was stable and the focus of negotiations was stable. On the 24th, the mainstream DMF price range was around 5,400.00 RMB/ton. The operating rate was mainly stable, the supply side was normal, and the downstream purchases were based on demand. The intention to stock up was not obvious. The manufacturer gave up profits to sell goods. Manufacturer's latest DMF quotation: Jinan Jutai Chemical Co., Ltd. 5,300 RMB/ton, Shandong Jiufu Biotechnology Co., Ltd. 6,150 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. 6,100 RMB/ton.

Chemical Industry Index: On March 23, the chemical industry index stood at 912 points, down 3 points from the previous day, down 34.86% from the cycle's highest point of 1,400 points (2021-10-23), and up 52.51% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now)

Market outlook

DMF analysts from SunSirs believe that the DMF market will operate stably in the short term.

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