Price trend

According to data monitored by SunSirs, as of February 6th, the average price of premium DMF quoted by domestic DMF enterprises was 4,650.00 RMB/ton. This week, DMF prices were mainly weak, and the overall market trend was stable. As of February 6th, the mainstream price was around 4,700 RMB/ton, and the overall market supply and demand were balanced.

Analysis review

This week, the overall DMF market had been operating steadily, with no significant price changes compared to the same period last week. As of February 6th, the mainstream price range was 4,650.00 RMB/ton. As the Spring Festival holiday approaching, the downstream procurement atmosphere was lukewarm, and the negotiation atmosphere was poor. The upstream cost support was average, but there was a lack of positive support. As of February 6th, manufacturers were operating slowly, with manufacturers mainly offering discounts for sales, shipments was slow. Latest quotes from manufacturers: Suzhou Huayuan Chemical Co., Ltd. quoted 5,400 RMB/ton, Liaocheng Yuanze Chemical Products Co., Ltd. quoted 4,500 RMB/ton, and Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 4,700 RMB/ton.

Chemical index: On February 5th, the chemical index was 866 points, an increase of 1 point from the previous day, a decrease of 38.14% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.82% 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 4,700 RMB/ton.

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