Price trend

According to the commodity market analysis system of SunSirs, as of September 12, the average price of high-quality DMF quoted by domestic DMF companies was 4,020 RMB/ton, a decrease of 1.7% compared with the same period last month. As of September 12, the prices of DMF manufacturers were mainly stable, and the overall market trend was narrowly weaker. As of September 12, the focus of negotiations was stable, and the purchasing atmosphere was general.

Analysis review

Market: The overall DMF market was weaker last week, with prices falling slightly. As of September 12, there was insufficient momentum for DMF prices to rise. As of September 12, the DMF market dynamics, the reference spot delivery price of DMF in Shandong and surrounding areas was 3,690-3,800 RMB/ton, 3,900 RMB/ton in Jiangsu and Zhejiang, the September collection price of Hualu Hengsheng DMF products was 4,500 RMB/ton, the spot delivery price in Dezhou factory was 3,750 RMB/ton, the spot delivery price of DMF in South China was 4,000-4,100 RMB/ton in Guangzhou market, and the overall DMF market was temporarily operating in a narrow range of weakness. The mainstream delivery price of bulk DMF in East China was 3,820-3,900 RMB/ton in Jiangsu and 3,920-4,000 RMB/ton in Zhejiang. 

On the upstream side: the price of upstream methanol market was generally stable with small fluctuations. As of September 12, the methanol market dynamics: Shandong Lihuayi methanol bidding price was 2390 RMB/ton in cash and delivered. As of September 12, the methanol market was mainly stable. As of September 12, the reference negotiation of methanol imports in Ningbo area was maintained at around 2,290-2,295 RMB/ton in cash and delivered. The atmosphere was general. In the afternoon, the spot price of methanol in the local warehouse area of Guangdong Port was around 2,270-2,275 RMB/ton. The price of mainstream merchants of methanol imports in Nantong area was around 2,295 RMB/ton in cash and delivered.

Market outlook

DMF analysts of SunSirs believe that DMF prices are expected to remain stable in the short term. As of September 12, the upstream cost side was insufficiently supported, the downstream was mainly replenishing on demand, and the market demand was insufficient.

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