Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 25th, the average quotation price of domestic high-quality DMF from DMF enterprises was 4,140 RMB/ton, a decrease of 2.53% compared to the same period last week. As of July 25th, DMF manufacturers were under pressure, and the overall DMF market surged and fell in July. As of July 25th, inventory was operating normally without pressure, and the mentality of operators was stable, with cautious operations and a strong wait-and-see atmosphere.

Analysis review

Market: In July, some DMF enterprises underwent equipment maintenance. Zhangqiu Riyue is expected to undergo maintenance for about 15 days, while Xinlianxin is expected to start its maintenance plan in early August, which is expected to take about 20 days. Guizhou Tianfu Chemical's equipment had been started and products were being shipped normally. Shaanxi Xinghua's equipment will be started at the end of July, and normal supply will begin in August. It is expected that the overall supply of DMF will decrease in August.

Upstream: The average market price of upstream methanol in the first half of the year was not ideal, lower than the same period last year. Due to macroeconomic policies, fluctuations in crude oil, and sudden market fluctuations, methanol prices were affected. It is expected that the fundamentals of the methanol market will increase and limit in August, with average demand, and the market will mainly maintain its current state.

Future outlook:

DMF analysts from SunSirs believe that DMF prices surged in early July, digesting the previous increase in prices. At the end of July, the DMF market mainly operates weakly, and the price fluctuation range will be limited in the short term.

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