1. Price trend

According to the commodity market analysis system of SunSirs: as of June 9, the average price of domestic high-quality DMF enterprises was 4,080 RMB/ton. In June, the domestic DMF market was mainly stable. The downstream entered the off-season, demand continued to decline, the focus of negotiations continued to be low, favorable factors were scarce, the market was calm, the mentality of the industry was stable, the wait-and-see atmosphere was strong, the operation was cautious, the profit fell, and the weak and stable digestion was achieved.

II. Reason analysis

Cost: Today, the methanol market is mainly stable, inventory is at a low level, and prices are relatively strong. Last week, the methanol market was mainly strong, and the methanol market was at the bottom price. Traders' willingness to hold goods has increased, and the industry has a clear boost mentality and a positive attitude. The buying momentum in the market has increased, and the number of orders from traders has increased. At present, the traditional downstream has entered the high temperature season, and the demand is obviously insufficient. Port: After the Dragon Boat Festival holiday, the news of limiting the age of ships supports the market trend, port prices continue to rise, spot negotiations have improved, and the recent arrivals are concentrated at the port, and there is accumulation in inventory.

Demand: The recent DMF market demand is not good, and the overall market is weak and wait-and-see. The operating rate of enterprises is stable this week, and there is no news of new equipment maintenance. At present, the overall inventory is running at a high level, the spot supply exceeds the demand, the demand side is under great pressure, and it is difficult to ease in the short term. The wait-and-see atmosphere is obvious, and the price fluctuates and runs weakly. In terms of market mentality, the supply and demand stalemate is generally in a general state of mind for the follow-up of the industry, and it is cautious to operate.

Maintenance: The methylamine unit of Jiutian Fine Chemical in Anyang, Henan Province is operating normally, and its 120,000 tons/year DMF unit has not been restarted yet, and the specific restart time is to be determined. The 50,000 tons/year DMAC unit of Henan Junhua Development Co., Ltd. is currently operating normally, and the 30,000 tons/year DMF unit is in long-term shutdown, and the specific restart time is undetermined.

Inventory: Since June, the DMF market has entered the traditional off-season, and inventory has gradually accumulated, inventory pressure is large, inventory is high, spot is sufficient, and there is no obvious improvement in demand. At present, the overall market is weak and stable, supply and demand game state, inventory is slowly digested.

3. Market Forecast

DMF analysts at SunSirs believe that the DMF market has entered the off-season, and the positive factors are not obvious. The overall market is in a state of quiet wait-and-see. At present, the market maintains a weak and stable operation, and the weak and stable digestion is the main focus.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.