Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 27th, the average quotation price of domestic high-quality DMF enterprises was 4,170 RMB/ton. This week, DMF prices have been the main trend, with a stronger price trend. Compared with the same period last week, the price has increased by 3.22%, or 100 RMB/ton. Currently, the DMF market is observing and consolidating, and the downstream purchasing atmosphere is still acceptable.

Analysis review

In terms of cost, the upstream methanol market prices are relatively firm, port inventory is running at a low level, and the port trend is stronger than that of the mainland. In the short term, the port market will maintain a high level of operation, while downstream essential procurement is the main focus. Currently, the mainland market maintains a high operating rate, and raw material procurement is cautious. Traders have a low price reluctance to sell. In terms of ports, the arrival at the port is not as expected, the port market is active, and cargo rights are relatively concentrated. It is expected that prices will continue to rise in the short term.

In terms of demand, the DMF market demand has been fair in recent times, with a strong overall wait-and-see attitude. This week, the operating rate of enterprises has remained stable, and there has been no news of new device maintenance. Currently, the overall inventory is running at a high level, with spot supply exceeding demand. The pressure on the demand side is high, and it is difficult to alleviate in the short term. The wait-and-see atmosphere is obvious, and prices are fluctuating weakly. In terms of market mentality, the supply and demand are deadlocked. Business operators have a generally cautious attitude towards future operations.

On the supply side, DMF market prices are mainly upward this week. On the supply side, Xinghua's equipment was undergoing maintenance at the end of the month. At that time, the factory's inventory was running at a high level, and the supply side was sufficient. Currently, downstream procurement is active, mainly based on demand, with slow shipments and difficulty in increasing actual orders. It is expected that the overall market supply and demand will be balanced in the short term, and there will be no pressure on supply and spot goods is sufficient in the market.

Future outlook:

DMF analysts from SunSirs believe that the DMF market is expected to operate steadily in the short term, with downstream on-demand procurement as the main focus, smooth market shipments, and remaining inventory pressure. It is expected that the DMF market will operate steadily with a stronger trend in the short term.

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