Price trend

According to data monitored by SunSirs, as of April 27th, the average price of premium DMF quoted from domestic DMF enterprises was 5,475.00 RMB/ton. In April, the DMF price showed a narrow and weaker trend, and remained stable overall in April. As of April 27, the mainstream price was around 5,400 RMB/ton.

Analysis review

In April, the overall market performance of DMF was mainly weak, with a narrow decline in mid April and a slight rebound at the end of April. Compared to the same period last week, the price of domestic DMF remained stable. The mainstream price range was around 5,400.00 RMB/ton, downstream procurement was mainly rigid demand. Due to insufficient upstream cost support and poor demand, the manufacturer made profit-cutting for sales. The latest quotation from the manufacturer: Shandong Hanyue Chemical Co., Ltd. was 5,300 RMB/ton, Jinan Jutai Chemical Co., Ltd. was 5,300 RMB/ton, and Shanghai Ronghe Chemical Co., Ltd. was 5,300 RMB/ton.

Chemical Index: On April 26, the chemical index reached 903 points, a decrease of 1 point from the previous day, a decrease of 35.50% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 51.00% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

SunSirs DMF analysts believe that the DMF market was mainly stable in the short term.

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