Price trend

According to the commodity market analysis system of SunSirs, as of July 28, the average price of high-quality DMF quoted by domestic DMF companies was 4,120 RMB/ton, a decrease of 2.37% compared with the same period last week. As of July 28, DMF manufacturers had lowered their prices. The DMF market was temporarily operating in a narrow and weak range, the focus of negotiations was stable, and the purchasing atmosphere was general.

Analysis review

Market: Reference price of DMF spot delivery in South China: 4,200-4,300 RMB/ton in Guangzhou market. As of July 28, the focus of DMF market negotiation was declining. Reference price of bulk DMF delivery in East China: 4,000-4,150 RMB/ton in Jiangsu and 4,050-4,200 RMB/ton in Zhejiang. The 120,000 tons/year DMF unit of Jiutian Fine Chemical in Anyang, Henan Province was shut down and had no restart plan. The 100,000 tons/year DMF unit of Xinghua Chemical in Shaanxi Province was shut down for maintenance from June 25, and the restart time is expected to be postponed.

On the upstream side: The methanol market was running stronger. Recently, methanol plants in Northwest and North China were undergoing concentrated maintenance. Methanol companies had no inventory pressure. As of July 28, there was not much supply in the mainland market. The methanol market will maintain a stronger operation in the short term. The inventory level was relatively low, the traditional demand off-season continued, and the overall supply and demand were flat.

Future outlook:

DMF analysts of SunSirs believe that the DMF market will maintain its trend in the short term and prices will remain stable in the short term.

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