Price trend

According to the commodity market analysis system of SunSirs, as of October 27, the average price of high-quality DMF quoted by domestic DMF companies was 4,000 RMB/ton, a slight decline compared with the same period of last week. The negotiation focus was stable but weaker, and the negotiation focus is at a low level.

Analysis review

Market: The mainstream delivery price of bulk DMF in East China was 3,880-4,030 RMB/ton in Jiangsu and 4,000-4,100 RMB/ton in Zhejiang; some manufacturers in Shandong quote 3,400-3,600 RMB/ton. In the fourth quarter, the DMF market continued to hover at a low level, the contradiction of oversupply continued, the release of downstream demand was insufficient, and most industry players adopted a wait-and-see attitude.

Supply and demand relationship: As of October 27, domestic DMF production capacity was in a state of oversupply, downstream demand iwas weak, the phenomenon of "slack of peak season" continued to exist, and exports had also declined. Although there was demand for high-quality DMF in the electronics field, the consumption base was low, making it difficult to stimulate overall market demand.

Future Outlook

DMF analysts at SunSirs believe that under the background of oversaturated production capacity, production control and price support had become normalized, price fluctuations were limited, and DMF prices are expected to remain stable and weaker.

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